About Me

I am a college student who interns at a commercial loans business called Real Estate and Commercial loans based in Winter Haven, Florida. I am gaining experience in the business world. I get a hands on experience in the world of Marketing and finance, as I work towards my degree in busness marketing.

Monday, June 29, 2009

Back Again......

The government is really trying to make funds available. I received some information. There has recently been a change to 504 Certified Development Company Loan Program Regarding Debt Refinancing as a Result of Recovery Act. The American Recovery and Reinvestment Act of 2009 was signed into law. This Act changes the Small Business Investment Act to permit debt refinancing under certain circumstances as part of the 504 Certified Development Company Loan Program. SBA has amended its regulations to implement the new law. The debt refinancing authorized by the Recovery Act is available for loan applications received by SBA on or after June 23, 2009. 504 Projects may include a limited amount of debt refinancing, as follows: If the Project involves expansion of a small business applicant, any amount of existing indebtedness that does not exceed 50 percent of the cost of the expansion may be refinanced. The debt being refinanced will be added to the expansion cost to establish the total project costs, if all the conditions discussed below are met. “Expansion” includes any Project that involves the acquisition, construction or improvement of land. The government is trying to make funds easier to obtain. If you are a small business owner looking for a commercial loan click the red button to fill out a quick Pre-Qualification form

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