Why the SBA 504 Construction Loan is Still an Aggressive Loan Product in Today's Tightening Market

Why the SBA 504 Construction Loan is Still an Aggressive Loan Product in Today's Tightening Market

Question: With banks tightening up, do you expect the SBA 504 construction loan to be one of the few loan products that is still being aggressive?

Answer: Many banks have suspended or eliminated their construction loan programs. The SBA 504 construction loan is still being offered and is considered an aggressive loan product in the market.
Banks like Carrus that are still offering construction loans are aggressively seeking out borrowers.
The speaker is open to discussing SBA financing options, including the 7A and 504 loans, for various purposes such as buying an existing business, building a new office building, or expanding an existing business.

Timestamps:
(0:17) A lot of banks have actually suspended their construction programs
(0:18) SBA 504 construction loan still going strong
(0:22) A lot of banks have suspended their construction

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#SBA #SBA504 #SBA504constructionloan

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