SBA Loans
The United States Small Business Administration (SBA) offers two financing programs for businesses needing loans in the $250,00 – $1,000,000 range. They are the 504 Certified Development Company Program and the 7(a) Loan Guarantee Program. They also offer programs to aid minority and women-owned businesses, and businesses located in underutilized business districts, a preference in government contracting opportunities.
The 504 Certified Development Company Program assists small businesses by providing financing for long-term fixed assets through the sale of bonds to private investors. The 504 loan program is administered by Certified Development Companies. Applicants may apply for up to $1 million in bonds. Funds may be used for the acquisition of land and buildings, construction, renovation and modernization, machinery or equipment.
The 7(a) Loan Guarantee Program provides loans to small businesses unable to secure financing on reasonable terms through normal lending channels. The program operates through private sector lenders who provide loans of up to $750,000. Most small businesses are eligible but a case-by-case determination must be made by the SBA. Loans may be used for most purposes such as purchase of business real estate; construction, renovation or leasehold improvements; acquisition of furniture, fixtures, machinery, and equipment; purchase of inventory; and working capital.
Century Equities has experience with the SBA programs and realizes that these programs can be valuable tools in structuring an overall financial strategy. Our experience helps us to discern which special cases can benefit from SBA assistance.
Government Financing    Public/Private Partnership
Tax Increment Financing    New Market Tax Credits    SBA Loans
