504 or 7A Small Business Loans; Commercial Real Estate & Business Capital: Work Through The Process!
Small Business Administration (SBA) Loans, know as 504 and 7a, can support commercial real estate as well as business operations. When considering a small business loan there are several loan options, however many business owners and operators review and focus on the SBA 504 vs 7a. If business owners are seeking to purchase commercial real estate and or heavy machinery and/or equipment, then the SBA 504 loan is the better option. Should purchasing a business or obtaining working capital is the goal, then the SBA 7A loan is likely a better loan. Borrowers obtaining an SBA 504 loan can us the proceeds to purchase a building or finance ground-up construction as well as building improvements, in addition to acquisition of heavy machinery and equipment. Borrowers obtaining an SBA 7a loan often use same for short-term and or long-term working capital, as well as to purchase existing business, or refinance current business debt, or purchase furniture, fixtures and supplies. Reach out to us as we can assist you with the SBA process.
DiMedio Law is a New Jersey Business, Corporate & Real Estate law firm whose practice includes business services, planning, formations, wind-up & dissolution matters. Contact us at [email protected] or call us at 856-428-5577.
DISCLAIMER: This advisory is for general information purposes only. It does not constitute legal advice, and may not be used and relied upon as a substitute for legal advice regarding a specific legal issue or problem. Advice should be obtained from a qualified attorney licensed to practice in the jurisdiction where that advice is sought.