No lender does a real estate loan for a business with 10% down

No lender does a real estate loan for a business with 10% down

So the goal for SBA is to make you a stronger economic force within your community by providing not only money for your business and capital equipment, but now for your next step in life is to own the real estate where your business is located. And that’s what we refer to as to 504 program. And under that program, in general you only have to put down 10% in terms of acquiring real estate. Use the SBA and you can’t get into that building own it with 10% down.

Jon: That’s awesome. No, I think this was really interesting information and I think it’s going to be really helpful. So Julio, I want to thank you again for spending your morning with us-

Jon: …for sharing some of this information and Gene, I think really good information on kind of the programs that are available now as a result of COVID and some of the disaster parameters that are out there. I think in general, though, the core products and the services that SBA offers you can’t say enough about them. And they’re definitely worth looking at, especially if you’re someone who’s thinking that you need a little bit more access or just some support. So for more information, we have our version of SBA, Small Biz Ahead, sba.hartford. We thank everyone for listening. Make sure you rate and review us and subscribe to wherever you do so to your podcast. Let us just know if you like content like this. If you have questions for us or Julio, you know how to reach us. But Julio if folks are local or even national and want to get in touch with you or an SBA office, what’s the best way to find that?

Julio: Best way to communicate with me is email because of COVID, we’re inundated with businesses from around calling us. Reach me at Julio, J-U-L-I-0.casiano, C-A-S-I-A-N- So it’d be And I should be able to return back your email or call you directly to discuss your particular situation.

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