Purchasing or Expanding Your Business – Consider the SBA, CDC/504 Loan
Perhaps you already own a small business but a larger facility has become available that would enable substantial growth. Or maybe your operation expandable because it fits nicely with another entity that recently hit the sales market.
In either case, though you may be interested cash flow could be an issue with such a purchase consideration. If such is the case for you but you see the new venture as a necessary business step, you may want to consider the Small Business Association, CDC/504 Loan option.
The CDC/504 Loan program is for "bricks and mortar" type financing. The loan provides long-term, fixed-rate financing for major fixed assets such as land, buildings or equipment.
The SBA option demands certain down payment equity options from the owner. It also works to create financing from two other sources in addition to the equity contribution made by the small business owner.
For more on the 504 Program, including its borrowing limitations, see:
http://www.chron.com/disp/story.mpl/business/4561199.html
In either case, though you may be interested cash flow could be an issue with such a purchase consideration. If such is the case for you but you see the new venture as a necessary business step, you may want to consider the Small Business Association, CDC/504 Loan option.
The CDC/504 Loan program is for "bricks and mortar" type financing. The loan provides long-term, fixed-rate financing for major fixed assets such as land, buildings or equipment.
The SBA option demands certain down payment equity options from the owner. It also works to create financing from two other sources in addition to the equity contribution made by the small business owner.
For more on the 504 Program, including its borrowing limitations, see:
http://www.chron.com/disp/story.mpl/business/4561199.html
0 Comments:
Post a Comment
<< Home