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Norma Amezcua, owner of cryotherapy wellness clinic named Cool indulge,  secured financing through the SBA 504 Program. The 504 loan allowed Norma to make a real estate purchase with a low down payment and a below market, fixed interest rate, fully amortized over 20 years.

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(English) SBA Loans Enhance Profit and Value

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The CDC/504 loan features a low down payment and a below-market, long-term fixed interest rate. This affordable financing option makes building ownership possible for individuals who lack the capital to qualify for a conventional loan. Consequently, a larger pool of potential buyers means commercial mortgage brokers reap the benefits as well.

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The newly passed CARES Act allows for 6 months of debt forgiveness and offers two loan programs, Payroll Protection Program and the Economic Injury Disaster Loan.CLICK HERE FOR: COVID-19 Updates & Small Business Resources
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