855.504.LOANS
Debt Equity Grants; How to Intellegently Fund Business
by Todd A. Smith
Read an advance exerpt from this must read book due for release mid 2011. Mr. Smith explores the use of blended funding sources to sculpt a loan that "intellegenty" works for your business, maximizing leverage without crushing terms and high debt service.
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Washington, DC; Government approval for SBA 504 to restructure existing debt. Bail out for small business; while this ruling is not a panacia, it does spell out badly needed relief the the small businesses in this country. In a tight credit market, this is an effective way to lower debt service costs. Read More
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See if you business qualifies for a SBA 504 or a SBA 7A loan. Royce Joseph Capital specializes in custom solutions to your funding needs.
• The business and its affiliates must be operated for-profit and fall within the size standards set by the SBA. Under the 504 Program, the business qualifies as small if it does not have a tangible net worth in excess of $8.5 million and does not have an average net income in excess of $3.0 million after taxes for the preceding two years.
• Must be a legal entity such as a partnership, a corporation, LLC, sole proprietor, etc.
• Business owner must be a U.S. citizen or resident alien with a green card. At least 51% of the total ownership of operating companies and holding companies must comprise U.S. citizens or permanent residents.
• The financing must be for a project located in the U.S.
• Borrowers must occupy at least a simple majority (or no less than 51%) of an existing property within the next year to qualify. For new construction, 60% owner occupancy is required.