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Commercial Building Loan Can Now Be Availed On Friendlier Terms
Commercial Building Loan Can Now Be Availed On Friendlier Terms
Website reveals how small businesses can get a commercial building loan on easier terms to save money.
Wilmington,
DE,
United States of America
(prbd.net)
11/08/2011
Here is some wonderful news for small business owners. SBA or Small Business Administration has announced that small businesses that are eligible for real estate mortgages can now get more stable and long-term financing for their commercial building loan. The loan will be offered through the Venture Funding Group. The cut off date for this has been set at December 31st, 2012. This new regulation has been enacted under the Small Business Jobs Act of 2010. Small businesses will now be able to get refinance on easier terms with the SBA loan 504. The Venture Funding Group has also announced the beginning of processing all pending deals. The company is dedicated to helping businesses in several ways. The group and its experts are offering customized solutions to help businesses survive grow and prosper.
This is certainly great news for businesses. It is very much like refinancing for an individual to lower the re-payment interest rate. Every business will want to remain competitive in difficult times. This is really very important as the economy is now reeling under a double-dip recession. Every little step can revive the fortunes of a business and it can make a critical difference for small enterprises. It will certainly be helpful for small businesses if they are able to secure a commercial building loan on friendlier terms. Experts feel that it will help them avoid potential foreclosure on mortgages that were approved during recession, when property values were inflated.
The market reaction has been extremely positive. Refinancing commercial building loans will help businesses save a lot of money on office, warehouse building, and other commercial properties. Lower monthly payments mean that the money saved here could be rolled back into business. Money saved also translates to reduced costs. The savings can be passed on to the customer, thus making the business more competitive. This move will allow enterprises to improve the cash flow situation as well. If you are in business, you could not have hoped for a better gift in these troubled times and naturally, the market is appreciating this move.
Commercial building loan under this scheme is available between $250,000 and $12 million. The rate charged is below the market price, and the interest is for a fixed term. Clients will be able to spread the payment over a period of twenty five years. Investment capital can be saved by making the LTV or the Loan-to-Value ratio at ninety percent.
Qualification for the SBA 504 Refinance Loan plan is easy and almost any business can qualify for this. A business can even make the application over the Internet. The Venture Funding Group has promised to process the application for a commercial building loan on these terms quickly. The company has established a fast-track application and processing method.
About TheSBALoan.com: TheSBALoan.com shows how small businesses can reduce their outstanding payments on a commercial building loan. It shows how businesses can refinance a mortgage to save money. The website publishes the latest information about plans announced by SBA and USDA. TheSBALoan.com helps small businesses tide over financial emergencies during the recession period to perform better. Please visit thesbaloan.com for more information.
Contact:
Venture Funding Group
Address
704 N. King Street Suite 500
Wilmington, DE 19801
Phone Number
800-578-4884
About
Website reveals how small businesses can get a commercial building loan on easier terms to save money.
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