Are you taking advantage of the SBA 504 loan program specifically designed to help small businesses? Are you minimizing your bank’s risk? Are you offering your customers the best options for long term, fixed rate financing on owner occupied real estate transactions?
Maybe it’s time to give Louisiana Capital a call!
As authorized under the Economic Aid Act enacted December 27, 2020, SBA announced several changes to further enhance the SBA 504 loan program:
- A temporary elimination of certain 504 fees
- Debt relief for certain 504 transactions
- New 504 debt refinancing opportunities (debt refinance with and without expansion)
- A new 504 Express Loan Program for smaller transactions
If you are interested in hearing more about the recent changes to our program, give us a call today!