News Column

Small Businesses Can Capitalize on Best-Kept Secret, Says CDC Small Business Finance

August 16, 2014

By a News Reporter-Staff News Editor at Investment Weekly News -- Small business owners looking for capital to grow their company often miss one of the best kept secrets in financing - the SBA-504 loan, according to CDC Small Business Finance.

SBA-504 loans are specifically designed to help small business owners buy, improve or construct a building, or purchase large equipment.

"The SBA-504 loan is a great tool to help small businesses grow, but it's often left out of the discussion business owners have with their financial advisors," said Kurt Chilcott, CEO/President of CDC Small Business Finance.

SBA-504 financing appeals to small business owners who are weary of paying rent and want to build equity for themselves. The program allows entrepreneurs to access low-fixed-rate, 20-year financing upwards of $20 million with a minimal down-payment (10%). The current SBA-504 rate is 4.94%, fixed for 20 years.

Keywords for this news article include: Banking and Finance, CDC Small Business Finance.

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Source: Investment Weekly News

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