Posts Tagged “sba loans”

Multiple SBA 504 Loans Fuel Success for FASTSIGNS Oakland

Linda Fong purchased a building at 325 5th Street in Oakland for $1,850,000 to accommodate her rapidly growing franchise, FASTSIGNS. By utilizing the SBA 504 Program again, Fong made the purchase with only a 10 percent down payment and a record low interest rate, fixed for 25 years.

 

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SBA EIDL Loan vs. SBA Paycheck Protection Program

There has been a lot of confusion surrounding the differences between the EIDL Disaster Loan and the SBA Paycheck Protection Program. We have put together a summary of key information to help small business clients better understand the programs being offered.

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Northwest Career College Expands To Open 5th Campus Building

LAS VEGAS – Northwest Career College, an accredited trade school with more than 1,000 students, opens its fifth campus building this month. The $1.5 million building was purchased with an SBA 504 loan through TMC Financing. The first mortgage lender was JP Morgan Chase Bank.

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The hardest easy solution to SF’s small business crisis: Buying the building

San Francisco’s small businesses are in crisis. A number of factors are driving even decades-old businesses to close their doors: difficulty hiring employees due to the city’s housing crunch, competition with e-commerce and on-demand delivery giants, and extra pressure from city-imposed mandates. But there is one factor business owners can theoretically control: buying their spaces instead of leasing them, as a hedge against skyrocketing commercial rents.

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