Buy or Build Your Commercial Property

Event description

How small businesses finance commercial property - the 504 and 7(a) programs, explained.

Many small businesses reach a point where the space they rent no longer fits - or where owning the building starts to make more financial sense than leasing it. SBA-guaranteed financing exists for exactly that decision.

In one hour, SBA specialists will walk through how small businesses finance commercial property, and what it takes to qualify:

• How the SBA guaranty works, and why it changes what a lender can offer
• The 504 and 7(a) programs - what each finances, and how to tell which fits your project
• The 504 structure in real dollars on a $1,000,000 building
• Owner-occupancy rules and SBA size standards
• The full cost of ownership beyond the purchase price
• What lenders look for, what to bring to the first meeting, and how long the process takes
• Free counseling and other SBA programs available to your business
• Live Q&A

Who should attend: Small business owners currently leasing their space, owners planning an expansion, a second location, or new construction, and the accountants, brokers, and advisors who work with them.

This session is educational and free of charge.

Registration is required. All SBA programs and services are extended to the public on a nondiscriminatory basis.