Recent News on BizCap Small Business Loan Programs

Refinancing existing commercial debt is now eligible for SBA 504 loan program; roll out expected in mid-2016...

Dayton, December 29, 2015:  BizCap is pleased to report that once again refinancing of existing eligible small business debt will be allowed as an eligible project by the SBA 504 Loan Program.

The SBA 504 Loan Refinancing Program has been permanently reinstated.  Known as the Commercial Real Estate and Economic Development (CREED) Act, it will allow small business owners to refinance eligible business debt with an SBA 504 loan.  Read More

 

SBA reduces 504 loan fees; saves businesses thousands of dollars...

Dayton, October 1, 2015:  BizCap today reported that the U. S. Small Business Administration had recently announced a reduction in two of the fees previously charged to small businesses borrowing from the SBA 504 Loan Program.  The reduction of these two fees, the Upfront SBA Guarantee Fee and the Ongoing SBA Guarantee Fee, will save these interested companies thousands of dollars.  Read More

 

 

If you or your clients have any questions concerning this reduction or need information on other BizCap loan programs offered through County Corp Development please contact Gary Fischer at 973-531-7038 or at gfischer@countycorp.com.