After 5 months of anticipation, we finally know what the "first round" of rules will be to allow refinancing under the SBA 504 program. Lenders are gearing up to handle the volume!
Here are the very basics that a potential applicant should know..
*Your owner/ user commercial real estate note has a maturity date by 12/31/2012.
*Your note has been in place for at least 24 months.
*Your business has been operating more than 24 months (ie no start-ups).
There are several other requirements, that only an EXPERT in SBA Lending can assist an applicant though the process.
In addition to SBA loans, I also have the ability to finance conventional real estate transactions as well.
Call me today if you need assistance with financing commercial real estate!
541-749-8838! The SBA Lady, Cathie Hendrix
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