REMINGTON CAPITAL SET TO ASSIST SMALL BUSINESS TAKE ADVANTAGE OF EXCITING NEW SBA LOAN OPPORTUNITIES

Theres a new federal law on the books called the Small Business Jobs and Credit Act. And its potential impact for small business owners is huge. First of all, it means that 500,000 new jobs are on the horizon, which is great news for the jobs-driven commercial real estate industry. It also means the floodgates on federally guaranteed loans to small business are being opened wide.

All of which bodes well for many small business real estate owners who now will have greater access to capital to invest in their commercial holdings. And Remington Capital, which has had years of experience with government loan programs, stands ready to assist commercial loan brokers and their clients weave their way through a bevy of new and exciting changes to the Small Business Administrations loan programs.

Included in the legislation are major enhancements to the SBA 504 and 7(a) loan programs that guarantee small business loans designed to finance the purchase, construction or renovation of commercial real estate and the purchase of long-term capital assets. The law expanded the number of small businesses eligible for SBA loans by increasing the business size standard to $15 million in net worth and $5 million in average net income. Maximum loan size was raised to $5.0 million ($5.5 million for manufacturers under the SBA 504 program), and refinancing of existing debt under the SBA 504 program was also approved.

It doesnt end there. Mini-storage facilities are now SBA loan eligible, as are owner occupied multi-use buildings. And there are special rates on qualifying buildings.

Theres a lot to know about the new SBA loan programs. Just ask Remington Capital how we can help with minimum loan amounts of $1,000,000.

So if an SBA loan program may be in your future or you are looking to finance or refinance some other existing property, or need to recapitalize a troubled one, let's discuss the world of capital options available to you at Remington Capital. For more information, log on to RemingtonCapitalinc.com.