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It’s no secret that the SBA has a less-than-stellar reputation in the minds of most business owners and even some lenders. The general assumption is that the SBA is stodgy, slow and not worth the hassle. But I think it’s time that we stop vilifying the SBA.
In speeches and interviews lately, I’ve been pointing out that the SBA has gone from a “lender of last resort” to a “lender of choice” — in a matter of only two years. Watch this brief video I recorded to hear me explain why I believe this, and why business owners should consider buying commercial property with an SBA 504 loan in the near future.
I truly think that you dismiss SBA lending at your own peril these days. Its indispensible programs and efforts to become more efficient have eclipsed its negative reputation of the past. So what do you think? Agree or disagree? Let me know by leaving a comment below or emailing me at ChrisHurn@MercantileCC.com.
Dedicated to Your Continued Success,
P.S. If you know someone who ought to own their commercial property, or who is looking to expand their operations, contact me right away and introduce me to them. Call me at 1-866-622-4-504 or email me at ChrisHurn@Mercantilecc.com today!
P.P.S. Don’t forget that it’s now possible to refinance commercial mortgages with SBA 504 loans. If you know of someone who bought their commercial real estate with a conventional loan, introduce us to them because we may be able to help them fix their interest rate and lower their payments. If you want to read-up on SBA 504 refis in the meantime, go to www.SBA504LoanRefi.com.