One of the ongoing challenges faced by manufacturers is knowing when and how to invest in business real estate and related resources that can help keep the business competitive. One option is an SBA 504 loan. These loans are available to for-profit U.S. companies that have a net worth of less than $15 million and an average net income of less than $5 million.
These loans, which are regulated by the Small Business Administration are available from organizations like Liberty SBF. The company services 504 loans ranging from $1M to $15M, and has funded over $2 billion in loans to small and medium businesses with programs that they feel offer significant cost and flexibility benefits.
To help get some clarity and advice on optimizing 504 loans, we spoke to Liberty SBF’s Alexander Cohen.