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SBA 504 Loans: an Introduction

Since US Cargo Control was founded in 2005, the company has been growing rapidly. Our most recent expansion is now getting underway with a 42,750- sq. foot addition to our warehouse. The project was made possible in part by a loan program through the government’s Small Business Administration (SBA)- the SBA 504 loan program. The […]

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The Benefits of a SBA 504 Loan for Small Business

Today’s SBA Loan video outlines the benefits of the SBA 504 loan program. See the full transcript below the video for easy reference. What is a SBA loan? To give you some background, the Small Business Administration was founded in 1953 at the suggestion of President Dwight Eisenhower to “aid, counsel, assist and protect, insofar […]

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SBA 504 Eligibility Guidelines

This SBA Loan video outlines the SBA 504 loan eligibility requirements. For easy reference, see the full transcript below the video.   Now that we’ve discussed the main benefits of the program, let’s talk about how it works. Who’s eligible? To be eligible for the 504 loan program, you must meet some basic small business […]

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What Can SBA 504 Small Business Loan Funds Be Used For?

This SBA Loan video highlights what funds from a SBA 504 loan can be used for. For easy reference, see the full transcript below the video. Now that we’ve discussed who is eligible for the program, let’s go over what the small business administration loans can be used for: SBA 504 loan funds may be […]

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SBA 504 Loans: Terms, Conditions, and Fees

Today’s SBA Loan video outlines the basics of the terms, conditions and fees of the SBA 504 program. See the full transcript below the video. As with any financing, there are various SBA 504 loan terms, conditions and fees to be aware of. Let’s walk through these as they relate to the SBA 504 loan […]

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SBA Guaranteed CDC Loans

This SBA Loan video covers the main terms, conditions and fees related to the SBA guaranteed CDC loan.  CDC stands for Certified Development Company. CDCs are non-profit organizations certified by the SBA to provide financing to small businesses through the SBA’s 504 loan program. A CDC partners with your bank throughout the SBA loan process. […]

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How to Apply for a SBA 504 Loan

This SBA 504 Loan video discusses some general information on how to apply for a SBA loan. For easy reference, see the full transcript below the video.   We’ve discussed the history and benefits of the SBA 504 loan program and how it works.  If you’ve determined that this might be something right for your […]

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How to Choose the Right CDC for Your SBA 504 Loan

This SBA 504 Loan video outlines important points to keep in mind when choosing a CDC for your SBA financing. For easy reference, see the full transcript below the video. While the bank you choose to work with is critical to your success with the SBA 504 program, the Certified Development Company- or CDC- is […]

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Determining Your Credit Worthiness For a SBA 504 Loan

This SBA 504 Loan video describes the guidelines for credit worthiness when applying for small business loans through the SBA 504 financing program. For easy reference, see the full transcript below the video. Now that we’ve talked about the issues related to working with the right bank and CDC partners, we’ll move on to discuss […]

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Required Information For a SBA 504 Loan

This SBA 504 Loan video outlines the information you’ll be required to submit to apply for SBA 504 financing. See the full transcript below the video. When and if the time comes where you’re ready to officially apply for a small business finance options through a SBA 504 loan, you’ll need to submit several items.  […]

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Timeline For a Typical SBA 504 Loan

This SBA 504 Loan video goes over a mock timeline of events for a typical SBA 504 small business loan. For easy reference, see the full transcript below the video. The following represents a mock timeline of events for a typical SBA 504 loan involving new buildings starting at the time all required information has […]

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SBA 504 Loan Series: Conclusion

With the help of the SBA 504 program, our business expansion is underway. In just a few short months, our warehouse will triple in size, which will allow us to maintain higher inventory and help our business grow even further. As I said at the beginning, I hope you’ve found this series helpful in becoming […]

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