Month: August 2015

SBA 504 – Leasehold Improvements

One of the eligible uses of SBA 504 funds is to finance leasehold improvements. While a leasehold improvement project is harder to do versus other real estate needs such as a building acquisition, construction, or renovation, they can be done given the right circumstances. This week’s blog discusses the underwriting criteria needed for financing a…

SBA 504 – Franchises

By maintSBA504

One popular type of business, especially for retired vets looking to start their own business, is a franchise. A franchise offers pre-opening and ongoing support to the franchisee and typically involves an established product or service that may already enjoy brand-name recognition. But in dealing with a franchised business, the SBA needs to review the…