As we have explained in previous posts, 504 loans were designed to purchase land, facilities, or long-term machinery. But can you use a 504 SBA loan for renovations? Keep reading to discover the answer. Can you Use a SBA 504 Commercial Loan for Renovations? The short answer is yes, you can use a 504 loan…
When looking for a financing alternative, you have to consider many factors. For example, are SBA loans public record? In today’s post we answer this question and offer some useful tips and facts about SBA loans. Are SBA Loans Public Record? Yes, the information about Small Business Administration (SBA) loans is a matter of public…
Whether you are starting a business or planning to expand an existing one, you may be asking yourself “Who can finance my business?” In today’s post, we offer an overview of the options at your disposal. Who Can Finance My Business? Knowing who to turn to for business financing is fundamental to the success of…
If you’re looking to take out an SBA loan, one of the first things to do is to be aware of the requirements you have to meet. In today’s post, we discuss the requirements for the two most popular SBA lending programs: 504 loans and 7(a) loans. Keep reading to learn more. SBA Loan Requirements:…
While a business plan is not always required when applying for an SBA loan, having one is a smart way to show a lender that you have a solid grasp of how your business and your industry work. This post will provide some tips on how to prepare a business plan, along with some general…
Due to a combination of factors, businesses are finding it increasingly difficult to navigate the current economic landscape. In this post, we explore the causes behind this phenomenon and show you how Gellyfish Commercial can help your business. A Complex Landscape From the pandemic to a global supply chain crisis, businesses are facing unique challenges…
Inflation is making the headlines and seems to be foremost in the minds of everyone these days. That’s why in today’s blog we talk about what inflation is, why it happens, and help you understand whether taking out a commercial loan to manage the effects of inflation is a good idea. What Is Inflation? This…
Taking out a business loan is an important step in the evolution of your organization. However, not all owners know what business loans can be used for. Keep reading to take a closer look at this important topic. What Can Business Loans Be Used For? Generally speaking, a business loan can be used for anything…
Gathering all the necessary documents is an essential step in securing any type of loan. If you are among those wondering what documents do you need for a business loan, keep reading to find a list of documents you may need, as well as some tips to help you throughout the process. What Documents Do…
504 loans are one of the most popular SBA lending programs. But how exactly can small business owners use a 504 loan? How Can I Use a 504 Loan? First off, let’s define what a 504 loan is. According to the SBA, 504 loans provide long-term financing to purchase major fixed assets that promote growth…
