The Small Business Administration offers business loans. The most common loans refer to Sections 504 and 7(a) of the Small Business Act.
Are you looking for a small business loan? If you want to purchase commercial real estate or machinery/heavy equipment, the 504 loan is the best choice. What if you are purchasing a business or receiving working capital? The 7(a) loan is preferred.
504 loans are used for fixed assets including the purchase of existing buildings, land and land improvements, and construction of new facilities. The benefits for small business is that 504
loans allow 90% financing, longer loan amortizations, no balloon payments, fixed-rate interest rates and savings that result in improved cash flow for small businesses.
We have several qualified loan originators who specialize in a variety of mortgage loans. If you have questions about loan options contact Counsel Mortgage Group and we can help you.