Tag: discovering

Discovering Right SBA Mortgage For Your Enterprise

The SIUE Small Business Development Center (SIUE SBDC) is a service to the group supported by the U.S. Small Business Administration (SBA), Illinois Department of Commerce and Financial Opportunity, and Southern Illinois College Edwardsville (SIUE) School of Enterprise. The 7(a) Mortgage Program, another SBA program, is the most extensively used SBA assured mortgage program for start-up and existing companies with an upper limit of $5 million. Whereas SBA’s standards are designed to be extra relaxed than those of business lenders the SBA is not going to approve loans to businesses with unsatisfactory revenue history, inadequate fairness investment, unsupported projections, or, unacceptable credit score histories.small business administration

Also referred to as the 504 Loan Program, the Certified Improvement Firm mortgage program makes joint federal and personal-sector financing available to small companies. We now have a staff of skilled Small Business Administration (SBA) lending professionals with over one hundred years of combined business expertise. …