There is much talk of rising interest rates for commercial real estate loans. Small business owners who are interested in buying land or a building should know that SBA 504 Loans have multiple benefits over traditional loans - including substantially lower interest rates.
In addition, funds from SBA 504 Loans can be used not only for land and building purchases, but also for existing building and lot improvements, new construction, long-term equipment purchases and more.
Quick 6 Facts You Should Know for Commercial Real Estate Loans:
Work with a MN SBA Loan Provider
In order to utilize SBA 504 loans for commercial real estate, you'll need to work with an SBA Certified Development Company along with your bank. There are several in the state, but we recommend the SBA 504 Loan provider, CMDC, in Andover, MN. They have a proven and proficient SBA loan process that allows our clients to close loans quickly and efficiently.
CMDC, a MN SBA 504 Loan Provider offers:
>> Learn more about CMDC
>> See all the Benefits of SBA 504 Loans
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Marty Fisher is Commercial Real Estate Broker in Ramsey, MN since 2001.
Posted: August 2013