Posts tagged 504 vs. 7a Loans
Can You Take Out Multiple SBA 504 Loans?

Can you take out multiple SBA 504 loans? Yes, you can. In fact, you can take out multiple SBA loans over time in order to build a successful business. However, it is not as simple as just making a second application. If you took out your first 504 loan and eventually worked through all the available funds growing your company, you might be ready for additional SBA funding. Here’s how to get it.

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Can You Combine an SBA 504 Loan and an SBA 7(a) Loan?

There are compelling reasons for a business owner to consider taking out an SBA 504 loan. They have lower interest rates than other business loans and are somewhat less stringent in terms of borrower requirements, too. In comparison, the SBA 7(a) loan is the most popular business loan offered by the Small Business Administration, and can be used for everything from commercial real estate to purchasing inventory to paying off other debts. Can you use both, though? It might be possible, but it isn’t easy to take out more than one SBA loan.

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How Does the SBA 504 Loan Compare to a 7(a) Loan and Other Loans Available?

Making an informed decision for your business funding needs is essential, but it can be difficult given the number of different financial tools available. One of the most popular small business loans on the market is the SBA 7(a) loan. How does it compare to the 504 loan program?

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