August 2019
Commercial Lending
504 Bridge Loan Program Helps Mitigate Interim Risk for SBA Lending Partners

Small Business Administration (SBA) 504 loans provide permanent or takeout financing for first mortgage lending partners.  But, before that occurs the first mortgage lending partner in a 504 deal typically provides temporary funding to cover the interim phase of a project – the period between the lending partner’s closing and the SBA’s takeout of the second mortgage, during which the lending partner is at risk on the second mortgage. Read More

Just When We Thought SBA 504 Loan Interest Rates Couldn’t Get Much Lower …

August’s debenture rates for the Small Business Administration (SBA) 504 Loan Program dropped yet again, continuing to produce absolutely remarkable effective interest rates for small business borrowers.  Of course the big question remains: where’s the bottom?  Frank Keane, fiscal and selling agent for SBA 504 program funding securities, provides some insight. Read More

Revised Fingerprint Procedures for SBA 504 Loans

The Small Business Administration (SBA) is streamlining the process for submitting FBI fingerprint background checks for 504 loan borrowers going through the SBA 912 clearance process.  The change is effective as of Aug. 24, 2019. Read More

Ask The Experts
SBA 504 Q&A: Borrower Equity in Equipment

Q: A borrower wants to use the equity in some equipment they have on hand for the equity on a real estate purchase involving a 504 loan.  Does the Small Business Administration (SBA) allow for any other type of asset to be used as equity other than cash or appreciated value in real estate held over 2 years and confirmed by a recent appraisal? Read More

Borrower Profile
SBA 504 Loan Helps Secure Historical Property in America’s Oldest City

Historical properties can be an excellent investment, especially for hospitality driven small businesses like The Collector Luxury Inn & Gardens in St. Augustine.  Financing these types of properties, however, can be challenging as they are considered special assets. Read More