SBA 504 Loans in the Time of Government Shutdown
It all begins with an idea.
The shutdown of the Federal Government creeps forward in this petty pace and we hazard no guess as to when the matter will be concluded. However, as it will, at some point be concluded, the game remains afoot and we need to be prepared for such.
Any loan is a process, from initial discussion to application to approval to closing to funding. Thus, the focus must remain on the point in the process at which your find yourself. For applications, underwriting should continue with the gathering of information and resolution of questions. The shutdown is unlikely to have any significant impact on SBA's standards and criteria. And, while debenture fundings are largely out of the question, closings of the interim loan are still possible with distinct limits.
Any closing contemplated should adhere in all aspects to the existing approved SBA Terms & Conditions. When there is a deviation, the Lender must consider the risks to the possibility of SBA's approval of any action. If a bridge loan is required, in the absence of an existing SBA approval, the bridge needs to be structured so as to remain SBA eligible.
The Business Initiative Corporation of New York is ready to assist in these determinations and will make every effort to support our participating Lenders and Applicants.
Blog Post Title Two
It all begins with an idea.
It all begins with an idea. Maybe you want to launch a business. Maybe you want to turn a hobby into something more. Or maybe you have a creative project to share with the world. Whatever it is, the way you tell your story online can make all the difference.
Don’t worry about sounding professional. Sound like you. There are over 1.5 billion websites out there, but your story is what’s going to separate this one from the rest. If you read the words back and don’t hear your own voice in your head, that’s a good sign you still have more work to do.
Be clear, be confident and don’t overthink it. The beauty of your story is that it’s going to continue to evolve and your site can evolve with it. Your goal should be to make it feel right for right now. Later will take care of itself. It always does.
Blog Post Title Three
It all begins with an idea.
It all begins with an idea. Maybe you want to launch a business. Maybe you want to turn a hobby into something more. Or maybe you have a creative project to share with the world. Whatever it is, the way you tell your story online can make all the difference.
Don’t worry about sounding professional. Sound like you. There are over 1.5 billion websites out there, but your story is what’s going to separate this one from the rest. If you read the words back and don’t hear your own voice in your head, that’s a good sign you still have more work to do.
Be clear, be confident and don’t overthink it. The beauty of your story is that it’s going to continue to evolve and your site can evolve with it. Your goal should be to make it feel right for right now. Later will take care of itself. It always does.
Blog Post Title Four
It all begins with an idea.
It all begins with an idea. Maybe you want to launch a business. Maybe you want to turn a hobby into something more. Or maybe you have a creative project to share with the world. Whatever it is, the way you tell your story online can make all the difference.
Don’t worry about sounding professional. Sound like you. There are over 1.5 billion websites out there, but your story is what’s going to separate this one from the rest. If you read the words back and don’t hear your own voice in your head, that’s a good sign you still have more work to do.
Be clear, be confident and don’t overthink it. The beauty of your story is that it’s going to continue to evolve and your site can evolve with it. Your goal should be to make it feel right for right now. Later will take care of itself. It always does.