All-time Low Interest Rate For 504 Loans

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2 Responses to “All-time Low Interest Rate For 504 Loans”

1. Braudis Lee Pegram Says:
   July 24th, 2009 at 11:51 am

   Chris, I agree with you. And yes, there IS a credit crisis: acknowledging it and succumbing to it are totally two different things. Many Americans, including those who populate many banks, out of fear, have done the latter.

   There ARE opportunites all around us. Wealth can be created, even now. The wealthy know that because this "recession/depression" has happened before, and they know how to capitalize on it. They would not be able to have the mindset to take advantage if all they saw in the situation was doom-and-gloom.

   What I think that businessmen at large and people in general should do is to approach the existing condition the same as they did any condition when they were toddlers (yes, toddlers). Don't overthink the situation (planning and overthinking are not the same thing): DECIDE what you want to make happen and start from where you are. If your current ability will only propogate and sustain baby steps, then make the baby steps. Learn and change as you go. Learn and change as you do. Babies do, and they don't stay babies for long; and neither do the steps.

   "Prosperity belongs to those who learn new things the fastest." — Paul Zane Pilzer: Economist, entrepreneur, and author. I say prosperity belongs to those who learn new things, period.

2. Bob Gintoft, SIOR, EDP Says:
   August 11th, 2009 at 3:30 pm

   Hey Chris,
   Is the 504 Program really only 22 years old? I remember training for pacvkaging those loans with the National Development Council's Economic Development Professional (EDP) designation after complewting 5 seminars. And I hate to admit it but that was back in the late '70s and early '80s.
   Keep up your good work! We need all the financing ppossible to loosen up the conventional lenders here in Milwaukee!
   Gratefully,
   Bob

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