You only need 10% down to buy your own business location through the CDC/504 loan program!
If you are thinking about purchasing a property for your business, now may be a good time to do it. This is especially true if you have good credit and a history of running your business profitably. The soft commercial real estate market has created some real opportunities. Property prices are down, some foreclosure properties are available at rock bottom bargains and interest rates are low. Plus, the SBA loan program designed to help small businesses own their own property is having a sale for as long as the "Stimulus Funds" last and has eliminated two of their program fees making this sweet deal even more affordable. The CDC 504 Loan program provides 90% financing!
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