SBA Loan Programs

Pending Legislation that will Impact SBA Loan Programs

H.R. 4302 : The "Small Business Job Creation and Access to Capital Act of 2009" was introduced to the House of Representatives on 12/14/09 by Rep. Abercrombie of Hawaii. As of 01/26/10, the bill had just three co-sponsors. This bill, which is loosely modeled on S. 2869 (below) would be a HUGE help to small businesses in Colorado because of (1) the continuation of the 90% guaranty on SBA 7(a) loans and (2) an included provision that would temporarily expand the SBA 504 loan program to allow refinancing of conventional (owner occupied), commercial real estate loans.

S. 2869 : The "Small Business Job Creation and Access to Capital Act of 2009" was introduced to the Senate on 12/10/09 by Senator Mary Landriew of Louisiana. As of 01/26/10, the bill had eighteen co-sponsors, including bi-partisan support. This bill would be a HUGE help to small businesses in Colorado because of (1) the continuation of the 90% guaranty on SBA 7(a) loans and (2) an included provision that would temporarily expand the SBA 504 loan program to allow refinancing of conventional (owner occupied), commercial real estate loans.

It appears that the Senate bill is well supported and is likely to be voted on and subsequently pass. Please contact your local Representatives to encourage them to support, pass and approve the House bill!!!

Source: Colorado Lending Source

There doesn’t seem to be a better way to get a loan for your small business than the Small Business Administration (SBA). Unfortunately these loans are not available for investments, but are available for small business owners looking for money to purchase, build or renovate commercial real estate. The SBA offers long-term fixed interest rate financing. With interest rates so low and properties being priced to sell, there has not been a better time to take advantage of these opportunities. Edge Commercial Properties has several properties that would fit this program perfectly. Please visit our site at www.edgecommercialproperties.com. We work closely with George Taylor to help facilitate these small business loans; he can be contacted at 720-323-7408 for any of your additional questions.

Please feel free to contact us with all of your commercial real estate needs and questions. It would be our pleasure to assist you.

Sincerely,
Heather Taylor
Edge Commercial Properties – www.edgecommercialproperties.com
303-688-3332
heather.taylor@edgecommercialproperties.com