More funds released by the Government for Small Businesses
Posted on Thursday, July 1st, 2010 at 4:51 pm.
The government is trying to entice more small businesses to tap one of its loan programs. Before applying for one of these loans, though, there are some fine points borrowers should consider.
Journal Report
The Small Business Administration’s 504 loan program lets companies take out fixed-rate financing to buy property, build or expand facilities, or refinance some existing mortgages. The borrower typically needs to put down just 10% of the transaction’s total price.