Innovation and product development are essential for business growth, especially for small and mid-sized enterprises. However, accessing the capital needed to fund these efforts can be challenging. One of the most reliable resources available to entrepreneurs is the 7a loan. With the right guidance, this type of financing can fuel new ideas, expand product lines, … Continued
Entrepreneurs and business owners are always looking for effective ways to finance their evolving ventures. While there are numerous loan options available, the SBA 504 Loan program often remains underutilized. Many business owners remain unaware of the distinct advantages offered by this program. Let’s delve into the specifics of 504 SBA loans and uncover the … Continued
Owner Scott Berman has purchased and operated several One North restaurants and has turned them into local favorites. By using the SBA 504 Loan Program, for the third time and working with Sue Hansen at First National Bank of America, Scott made the key decision to finance his latest venture, One North Kitchen and Bar … Continued
Small enterprises often struggle to keep pace with large corporations due to their limited access to financial resources. A powerful solution is the 504 SBA loan, a program from the U.S. Small Business Administration designed to help small businesses secure long-term, fixed-rate financing for major assets such as real estate, buildings, and heavy equipment. By combining … Continued
Talent shortages are a major hurdle for businesses trying to grow and stay competitive. While large, established companies often have the resources and reputations to attract top-tier employees, many small and midsize businesses struggle to compete for skilled workers. Building a strong team requires not only a compelling vision but also the financial capacity to … Continued
Owner Gregory Schaible purchased a much-needed larger building with a better office layout for his expanding practice at one of the Top-Rated Physical Therapists in Ann Arbor, On Track Physiotherapy. He used the SBA 504 Loan Program and worked with MCDC’s Senior Loan Officer, Jack Johnson and First-Citizens Bank & Trust Company for financing his … Continued
Supernova International, Inc., a successful supplier of wholesale granite memorials and monuments, has taken a major step forward. Thanks to PNC Bank’s Vice President, Nick Heriford, MCDC Senior Loan Officer Coty Gould and the SBA 504 Loan Program for making this happen
When it comes to business financing, small business owners strive for stability and predictability. The Small Business Administration (SBA) 504 Loan program provides just that with its fixed-rate financing option. Offering substantial benefits to those eligible, 504 SBA Loans stand as a steadfast solution for entrepreneurs looking to secure funding while maintaining financial foresight. Keep … Continued
The SBA 504 Loan program is a powerful tool for small businesses looking to invest in long-term assets like real estate and heavy equipment. With low down payments and fixed interest rates, these loans can be an attractive option for companies seeking to grow and expand. However, not all businesses will qualify for this type … Continued
In the world of small business financing, the SBA 504 loan program remains a powerful tool for long-term, asset-based funding. At the heart of this program are Certified Development Companies (CDCs)—nonprofit entities that serve as a bridge between business owners and the financing they need. Their role is instrumental in facilitating access to capital, especially … Continued