SBA Loan Programs: Is the SBA Competing Against Itself?

December 04th, 2008 | 09:09 am

What can be done to handle the economic problems that we are facing now?

Chris Hurn, CEO of Mercantile Commercial Capital makes these comments about the current SBA Loan situation against the backdrop of the proposed bailout package.

Eliminate the competition between the SBA's largest two loan programs – For decades, borrowers have been steered away from the agency's loan program for real estate and equipment financing to its flagship 7(a) loan program by bankers who earn higher fees and commissions with the 7(a). The SBA should eliminate this competition by making its 504 loan program the exclusive option for real estate and equipment financing from the agency.

Check out this video that explains the success that can be had by using a SBA Loan program to fund your business startup or expansion.

Chris Hurn Discusses Myths about SBA 504 Loans

Mercantile Commercial Capital is still liquid even in these trying economic times, give us a call if you are in the market and looking for an SBA 504 loan.