This blog was originally posted by our friends at Business Finance Capital. It shouldn’t come as a surprise that SBA loans are a hot commodity these days. With the recent introduction of the SBA’s Economic Injury Disaster Loan program and the Paycheck Protection Program, it seems there are (at this …Read More »
From Survival to Recovery Mode
This blog was originally posted by our friends at Business Finance Capital. Accounting for upwards of 90% of the US economy, it is no stretch to say that the health of small businesses is vitally important to how well we recover as a nation from the financial crisis caused by …Read More »
Main Street Lending Program: Is It Right for Your Business?
The Federal Reserve Bank of Boston finally rolled out its long-awaited Main Street Lending Program (“MSLP”). While originally intended to help large and mid-size businesses, the Fed decreased the minimum loan size, making it friendlier to small businesses as well. The most important thing to note at the outset of …Read More »
Jerome Powell, Fed policy and …… Imagine Dragons?
Whatever it takes 'Cause I love the adrenaline in my veins I do whatever it takes - Imagine Dragons, Whatever it takes Did Jerome Powell use a line from an Imagine Dragons song to guide him in the Federal Reserve’s response to the global COVID-19 pandemic? Let’s hope not. In …Read More »
What are the Public Policy & Community Development Goals for the SBA 504?
This blog was originally posted by our friends at Business Finance Capital. The SBA 504 Loan has three components: 1) Direct commercial loan from the private sector covering 50 percent of the project, and secured by a senior lien. 2) A loan secured with a junior lien from a CDC (like us …Read More »