Novelty Shirts is a manufacturing company needing to expand its production facilities.Which SBA program would be best to acquire real estate valued at $150,000?

Question

Quizplus · Accepted Answer

The Certified Development Company 504 Loan program is designed to help small businesses acquire fixed assets such as real estate and equipment. This program offers long-term, fixed rate financing with low down payments, making it ideal for businesses looking to expand their production facilities. The maximum loan amount is $5 million, with a limit of $5.5 million for manufacturers like Novelty Shirts. Therefore, this program would be the best choice for acquiring real estate valued at $150,000.

Novelty Shirts Is a Manufacturing Company Needing to Expand Its