For small to mid-sized businesses that are growing or expanding, SBA loans are a vital source of capital for fixed asset investment, as well as advocacy and guidance.Continue
One of the most sizeable expenses on your overhead list will be rental payments, which are a recurring expense and may increase regularly and unpredictably. Unlike rent payments, mortgage payments on a fixed-rate loan will remain constant. They are also often comparable in cost.
“You have to know what to look for and be willing to invest in what it takes to make the property more attractive,” says hotel broker Howard Mathews. “If you can get another 50 percent in revenue per available room, you know it’s worth it. Jay and Don like to work with Jim and TMC. They have good people who know what they are doing and can get deals done.”Continue
Heritage Solutions used the SBA 504 program for both real estate and equipment financing. “Without SBA help,” CEO John Tatum said, “we couldn’t afford to buy this equipment. This is the best printing machine in the country and no one else has it but us. Without the SBA and the ability to finance over 20 years, I would have been too scared. If we had to finance the machine over five to seven years like most loans, I don’t think we could have done it.”Continue
Franchise owners renovate with second SBA hotel loan TMC Financing today announced that Holiday Inn Express Temecula was purchased with a 20-year fixed-rate, SBA 504 loan for $11.3 million. The…Continue