Thursday, February 23, 2012
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504 Participating Loan::
The 504 Fixed Asset Financing Program (also known as a Participating Loan) is administered through non-profit Certified Development Companies throughout the country. This program provides funding for purchase of land or new construction, acquisition of existing buildings, modernization -renovation or improvement of commercial property, and/or purchase of business equipment/machinery. Of the total project costs, a lender must provide 50% financing, a Certified Development Company provides 40% of the financing through a 100% SBA-guaranteed debenture, and the applicant injects approximately 10% of the total project costs.
The 7a Loan guaranty Program is designed to help small entrepreneurs start or expand their businesses. The SBA 7a loan allows the lender to provide business and real estate loans for up to 25 years. The program is extremely flexible and allows for financing of owner occupied commercial real estate, equipment of all sorts, working capital, inventory, and/or for the purchase of an existing business by a third party or an existing partner. The lender receives a guaranty from the SBA as an enticement to fund the transaction.
USDA B&I::
The purpose of USDA B&I Loan program is to provide developing, expanding entities with long-term financing for a variety of business purposes. The B&I program provides financing to a variety of business entities for a number of purposes, including business expansion and investment properties.
Loans at a Glance
Financing Available For:
Product Features:
LOANS FOR:
Alliance Capital Corporation
Sam Renta, President
