Small Business Association (SBA) Financing
The Small Business Association’s (SBA) core programs offer significant opportunities for improving efficiency in the small commercial space. The 504 program specifically targets these smaller properties and is one of the primary mechanisms used by lenders to finance the construction and rehabilitation of these types of buildings.
In 2010 alone, the 504 program helped more than 7,600 owner-occupied commercial properties secure financing – nearly all were likely to be small commercial facilities given the size limitations on borrowers.
While the 7(a) program principally supports financing for business acquisition, equipment, inventory, and working capital needs, the program is also used extensively for real estate projects. SBA is in a unique position to influence the commercial marketplace, and particularly, the small commercial real estate market.