OAKLAND, CA-Small businesses in the Bay Area and Sacramento are warming up to buying their own buildings using SBA financing, according to CDC Small Business Finance.
In fourth quarter 2013, total financing using the SBA-504 loan program more than doubled, from $32 million in October to $73 million in December.
“Small businesses appear to be rallying back after the federal government shutdown in October,” said Ed Ryan, Sacramento Valley loan officer for CDC, the nation's leader in SBA-504 loans.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
