Is an independently owned and operated website and has no government affiliation. According to Chris Hurn, CEO of Fountainhead Commercial Capital, SBA 504 loans are one of the best kept secrets in commercial finance if a business owner wants to buy property.” We couldn’t agree more – 504 loans offer competitive interest rates, reasonable maturities, very low down payments and large loan amounts.
As we continue to work on legislative solutions, my caseworkers are available to help any Third District veterans who need assistance with the VA. Please call my Grand Island office at 308-384-3900 to speak with my caseworkers about any issues you are facing with the agency.
In recent weeks, I have had the privilege of welcoming hundreds of Third District veterans participating in hero flights to Washington, D.C. We can never adequately repay the debt we owe them, but I have been honored to express a small token of our appreciation by taking them onto the House floor and showing them around the U.S. Capitol.
Obviously, a decent credit report is important, and you will have to follow the guidelines regarding the repayment period and the interest rate set by the government, but usually the interest rates charged by government loans are lower than those you could expect in the private sector.
Nevertheless, even if you do have the right credit score, have sufficient collateral, and meet the other requirements, a loan at the bank might not be the best loan to address your situation, so it makes sense to understand more about a loan at the bank and investigate all the options to make sure you pick the right loan to meet your small business needs.