Comments on: SBA seeing uptick in lending http://www.northbaybusinessjournal.com/15203/sba-seeing-uptick-in-lending/ Wed, 15 May 2013 18:45:39 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: Debra Riegner http://www.northbaybusinessjournal.com/15203/sba-seeing-uptick-in-lending/comment-page-1/#comment-2064 Debra Riegner Mon, 05 Oct 2009 16:11:12 +0000 http://www.northbaybusinessjournal.com/?p=15203#comment-2064 The SBA is definitely helping small business, but one bank cannot provide all the funds desperately needed by small business owners. There are alternatives to bank loans, and small businesses nationwide are taking advantage. One of the beneficial alternatives is a business cash advance because obtaining money is quick, requirements are not stiff, and most importantly, the cash advance loan is paid off through automatic debits from credit card sales. There are no set monthly payments. The SBA's ARC loan is definitely a loan to consider as well as lines of credit, but both have lengthy processes and strict requirements. To learn more about business cash advances, visit www.businesscashadvance.com/blog. The SBA is definitely helping small business, but one bank cannot provide all the funds desperately needed by small business owners. There are alternatives to bank loans, and small businesses nationwide are taking advantage. One of the beneficial alternatives is a business cash advance because obtaining money is quick, requirements are not stiff, and most importantly, the cash advance loan is paid off through automatic debits from credit card sales. There are no set monthly payments. The SBA’s ARC loan is definitely a loan to consider as well as lines of credit, but both have lengthy processes and strict requirements. To learn more about business cash advances, visit http://www.businesscashadvance.com/blog.

]]> By: SBA Seeing Uptick in Lending : Dunkin Donuts Independent Franchise Owners http://www.northbaybusinessjournal.com/15203/sba-seeing-uptick-in-lending/comment-page-1/#comment-1997 SBA Seeing Uptick in Lending : Dunkin Donuts Independent Franchise Owners Sat, 03 Oct 2009 14:16:47 +0000 http://www.northbaybusinessjournal.com/?p=15203#comment-1997 [...] V. Loceff, writes in the North Bay Business Journal that the Small Business Administration is finally seeing an uptick in loan applications since the [...] [...] V. Loceff, writes in the North Bay Business Journal that the Small Business Administration is finally seeing an uptick in loan applications since the [...]

]]> By: John King http://www.northbaybusinessjournal.com/15203/sba-seeing-uptick-in-lending/comment-page-1/#comment-1992 John King Fri, 02 Oct 2009 18:56:42 +0000 http://www.northbaybusinessjournal.com/?p=15203#comment-1992 SBA loans are on the rise and 504 loans are available for much larger projects and loan amounts than $4 million...IF a business goes green. The $4 million 504 "piece" is only the SBA-backed second mortgage, but there is no limit on the amount of the first mortgage, so we should start to see more projects in the $12 to $14 million range as the economy recovers and as more and more businesses go green. The Green 504 Loan also offers the following benefits: 1) There is no job creation or job retention requirement as there is with non-green 504 loans. (Although you would have to think that a business healthy enough to be constructing a building would be creating jobs). 2) The loans can be used for large equipment purchases including solar/photovoltaic arrays AND you can use the 30% Federal Grant as your down payment - effectively creating 100% financing. 3) The loans can be used for renewable energy production facilities such as biomass or biodiesel. You can find more comprehensive information at: www.greencommercialcapital.com/Renewable-Alternative-Green-Energy.php SBA loans are on the rise and 504 loans are available for much larger projects and loan amounts than $4 million…IF a business goes green.

The $4 million 504 “piece” is only the SBA-backed second mortgage, but there is no limit on the amount of the first mortgage, so we should start to see more projects in the $12 to $14 million range as the economy recovers and as more and more businesses go green.

The Green 504 Loan also offers the following benefits:

1) There is no job creation or job retention requirement as there is with non-green 504 loans. (Although you would have to think that a business healthy enough to be constructing a building would be creating jobs).

2) The loans can be used for large equipment purchases including solar/photovoltaic arrays AND you can use the 30% Federal Grant as your down payment – effectively creating 100% financing.

3) The loans can be used for renewable energy production facilities such as biomass or biodiesel.

You can find more comprehensive information at:

http://www.greencommercialcapital.com/Renewable-Alternative-Green-Energy.php

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