What role can SBA 504 financing play in recovering the U.S. economy?
At the national level, SBA 504 loans give small businesses access to what is consistently the least expensive financing available in the commercial marketplace. Which equates to a substantial economic stimulus exactly where we need it most: for the innovative small businesses that constitute 79 percent of the job creation in this country and over half of private sector employment – the very people that will lead us out of our economic crisis. At the local level, this means a vacant commercial property in a neighborhood can represent an opportunity for a small business owner who needs more space. The current economic climate may actually be the right time to consider expanding into that larger facility or simply seizing the chance to buy that first facility for a thriving small business at a very advantageous price.
