RIVERSIDE, CA—Motivated by stabilized low rates, many small businesses in the Inland Empire are pulling the trigger on commercial real estate purchases using Small Business Administration (SBA) financing, according to CDC Small Business Finance.
Through the first four months of the year, CDC Small Business Finance approved $36.6 million in SBA-504 program financing to small businesses in the IE region.
“Rates are a factor, but recent SBA rule changes are making it easier for more small business entrepreneurs to qualify for SBA-504 financing to buy or construct their own facilities,” said Phil Mulder, Inland Empire loan officer with CDC Small Business Finance, 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.
