What Is the Best Kept Secret of Commercial Real Estate?

I’ve said for many many years the best kept secret of commercial real estate financing is the SBA 504 loan and the reason for that is the third reason why people would use an SBA 504 loan is the below market long term fixed interest rate on that SBA guaranteed … Read More

Who can benefit most from the SBA 504 loan?

The people who benefit the most from SBA 504 loans are small businesses all the way up to mid-sized companies. We’ve recently closed a loan for a $100 million general contracting company–so we go from that extreme, all the way down to a franchise startup. A lot of our clients … Read More

What building improvements can I make with the SBA 504 loan?

I often get asked, “Should I buy? Should I build? Is there something in between? Should I buy and renovate?” There’s a lot of ways to go with building improvements. It really comes down to personal preference. If you want to be the most economical about things, oftentimes it is … Read More

Why has the SBA 504 loan been kept a secret for so long?

Banks want you to utilize conventional loans. The SBA 504 Loan has often been in the shadows of the other SBA loan program, the 7A. It’s unfortunate, but frankly, it’s part of human nature. Most providers of commercial loans in America are banks, occasionally credit unions, non-bank lenders, etc. Most … Read More

Chris Hurn Delivers Keynote at NACLB Conference

Click HERE to view Chris Hurn’s Keynote on Fanatical Customer Service for Financial Industry Pros.  WATCH this Customer Service Testimonial by Duane Zobrist, CEO of Resort Outfitters.

Why Don’t More Business Owners Buy Their Own Buildings?

So, why don’t more business owners buy their own buildings? I think a lot of it comes down to fear of the unknown. They don’t know the process; they don’t know how easy it can be; perhaps there’s some concern about dealing with bankers. The reputation of bankers has taken … Read More

What does it take to qualify for the SBA 504 loan?

#1: Own a majority of the real estate. One of the qualifications for a SBA 504 loan is the square footage of the real estate you’re getting into. Are you going to occupy at least 51%, a simple majority? If you’re not, then you may not qualify for an SBA … Read More

Top 3 reasons the SBA 504 loan is better than commercial loans

#1: The down payment. The SBA 504 loan is better in terms of the down payment. We’re typically half to one third the down payment that an ordinary bank would require. So talking about a million-dollar purchase, you’re probably close to $100k as your down payment with us. With a … Read More