Last year, new debt refinancing regulations were introduced. Join us as we explore the key changes introduced by these updated rules. Let’s start with revisiting the substantial benefit test. Previously, the test required at least a 10% improvement in payment terms for government debt refinancing to qualify. However, under the new rules, any improvement in payment terms now qualifies as a substantial benefit. This change makes it easier for borrowers to meet the criteria for refinancing, allowing more individuals to secure better payment terms and ultimately improve their cash flow. Get in touch with your local Statewide CDC representative and see if your business qualifies for refinancing today - https://lnkd.in/g8tS7Vwf Jeff Boone, Denise Zboralske, CPA, Jason Schaut, Brian Wallace, Summer Jeffus, Al Thiel, Marat Manucharyan, Spiros Karatzis, Jeremy Mehler, George Christidis, Craig Samson, Carlo Samson #SBA #DebtRefinance #LendingOpportunities #SmallBusinessSupport #Finance #LoanOfficer #BusinessGrowth
关于我们
Statewide Certified Development Corporation (CDC) is a 501(c)(4) non-profit organization that supports economic development by making available low cost, fixed rate commercial/industrial real estate financing to expanding small businesses under the U.S. Small Business Administration’s (SBA) 504 Loan Program. We are licensed and regulated by the U.S. Small Business Administration to provide SBA 504 financing and work in partnership with a wide range of lending institutions. We’ve been helping successful small businesses in California purchase their own real estate since 1987. As a result of our expertise and successful track record in lending, Statewide CDC became one of the first Certified Development Companies in the nation to be inducted into the Premier Certified Lender Program and the first CDC to be chartered by SBA to serve state-wide in California. We believe in giving your business the opportunity to grow. We respond to each client with the personal service that only an experienced, knowledgeable CDC like ours can provide. We have a reputation for consistently fast processing turnaround, and we’re especially sensitive to the details and kind of follow-through necessary to make an SBA transaction successful. Our two hub offices are located in Pasadena and Davis (Sacramento region), with satellite offices located in Yorba Linda (Orange County), downtown Sacramento and Pleasanton. Our Mission Our mission is to help growing small businesses acquire the commercial/industrial property they need to support their operations, and in the process, deliver the highest level of service and added value to our small business customers and business partners.
- 网站
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https://statewidecdc.com/
Statewide CDC的外部链接
- 所属行业
- 金融服务
- 规模
- 11-50 人
- 总部
- Davis，California
- 类型
- 非营利机构
- 创立
- 1987
地点
Statewide CDC员工
动态
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Meet Brian Wallace, VP, Senior Loan Officer in Nevada. Brian has over 24 years of SBA lending experience and over 30 years of experience in banking and finance. He joined Statewide CDC in 2018 and loves being back in the non-profit side of SBA lending, where he can help clients grow their businesses. Brian takes immense pride in getting projects across the finish line—finding this work incredibly rewarding for both his clients and the community! Brian married his wife 31 years ago and has raised two wonderful kids in Northern Nevada. Both are now in college; one attending the University of Nevada and the other attending the University of Arizona. When he’s not working, Brian enjoys fly fishing, golf, and hiking—lucky for him, the Sierras are just minutes away! Fun fact: His family jokes that every time they're in the car, he can’t help but point out all the businesses he’s helped build and finance over the past two decades in SBA lending. Jeff Boone, Denise Zboralske, CPA, Jason Schaut, Summer Jeffus, Marat Manucharyan, Spiros Karatzis, Jeremy Mehler, George Christidis, Craig Samson, Carlo Samson #TeamSpotlight #SBA504 #SmallBusinessSupport #StatewideCDC
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If you're considering the SBA 504 loan for your business, understanding the key requirements is crucial. In our new series, we’ll break down these requirements to help you navigate the process smoothly! First up: The business must occupy at least 51% of the property to qualify. This is a critical requirement that ensures the space is primarily used for your business operations. Stay tuned as we continue to explore other important eligibility criteria in this series. At Statewide CDC, we’re here to guide you through every step of the process—ensuring you’re well-prepared for success! Contact your local Statewide CDC representative today: https://lnkd.in/g8tS7Vwf #SBA504 #BusinessFinancing #StatewideCDC #CommercialRealEstate #LoanSeries #SmallBusiness #BusinessGrowth #EconomicDevelopment Jeff Boone, Denise Zboralske, CPA, Jason Schaut, Brian Wallace, Summer Jeffus, Al Thiel, Marat Manucharyan, Spiros Karatzis, Jeremy Mehler, George Christidis, Craig Samson, Carlo Samson
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Attention, lenders and borrowers - interest rates are lower this month! The full-term fixed interest rates for SBA 504 loans closing in February 2025 are: Purchase/Construction 25 - Year: 6.28% (-0.23%) 20 - Year: 6.35% (-0.23%) 10 - Year: 6.64% (0.00%) Refinance 25 - Year: 6.31% (-0.23%) 20 - Year: 6.38% (-0.23%) 10 - Year: 6.68% (0.00%) Contact your local Statewide CDC representative today to take advantage of these lower rates! https://lnkd.in/g8tS7Vwf Jeff Boone, Denise Zboralske, CPA, Jason Schaut, Brian Wallace, Summer Jeffus, Al Thiel, Marat Manucharyan, Spiros Karatzis, Jeremy Mehler, George Christidis, Craig Samson, Carlo Samson #SBA504 #InterestRates #CommercialRefinance
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On Monday, January 27, the Trump Administration issued a memorandum titled?“Temporary Pause of Agency Grant, Loan, and Other Financial Assistance Programs.”?This directive requires federal agencies to review, pause, and evaluate financial assistance programs to ensure alignment with the administration’s policies. However, a federal judge has temporarily blocked this directive, allowing time for the courts to evaluate its implications. A hearing has been scheduled for?February 3, 2025, to decide whether a longer stay is necessary. We understand this announcement may raise questions about the availability of SBA loans.?Rest assured, SBA 504 and 7(a) loan programs are NOT affected by this order.?The SBA has confirmed through NADCO, our trade association, that these loan programs will continue to be processed and serviced without interruption. This means: - No delays?in SBA 504 financing for commercial real estate purchases, debt refinancing, or business expansion. - No impact?on your ability to assist your clients with SBA-backed solutions. At Statewide CDC, we are here to support you in providing seamless financing solutions to your clients. If you have questions, need clarity on loan structures, or require assistance with an SBA 504 deal, please don’t hesitate to contact us. Thank you for your partnership in helping businesses grow and thrive. We look forward to working together to deliver impactful results for borrowers. Jeff Boone, Denise Zboralske, CPA, Jason Schaut, Brian Wallace, Summer Jeffus, Al Thiel, Marat Manucharyan, Spiros Karatzis, Jeremy Mehler, George Christidis, Craig Samson, Carlo Samson
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Meet Al Thiel, VP, Senior Loan Officer serving the Sacramento, CA area! Al is a seasoned professional with over 31 years of experience in banking and commercial lending. He’s spent the last 15 years as a loan officer with various CDCs, where he has specialized in underwriting and business development. Al joined Statewide CDC in 2018, bringing with him an expertise in helping small businesses access the capital they need to grow. In addition to his professional accomplishments, Al is a dedicated family man and enjoys a variety of hobbies that keep him active. Al would describe himself as the kind of guy who treats relaxing like it’s a foreign concept.? With his wife, Al has raised three children, including a son who serves as a Warrant Officer in the U.S. Army. Al’s passion for service and his commitment to his family are evident in everything he does. We’re proud to have Al on our team! Jeff Boone, Denise Zboralske, CPA, Jason Schaut, Brian Wallace, Summer Jeffus, Marat Manucharyan, Spiros Karatzis, Jeremy Mehler, George Christidis, Craig Samson, Carlo Samson ?#TeamSpotlight #SBA504 #SmallBusinessSupport #StatewideCDC
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Lenders and Borrowers: The Fed has recently reduced prime rates, creating a long-awaited opportunity to explore refinancing options with your clients. Capitalize on these lower rates and help your clients secure a fixed-rate SBA 504 loan. With over 35 years of SBA lending experience, Statewide CDC is well-prepared to assist you with newly reduced and competitive SBA 504 loan rates. Our expert guidance ensures a streamlined refinancing process, making it easy and efficient for you. Plus, we offer no-cost pre-qualification within just 24 hours, helping you get started quickly and confidently. Let’s help your clients achieve substantial long-term savings and financial stability with these lower rates. Contact your local Statewide CDC representative today - https://lnkd.in/g8tS7Vwf Jeff Boone, Denise Zboralske, CPA, Jason Schaut, Brian Wallace, Summer Jeffus, Al Thiel, Marat Manucharyan, Spiros Karatzis, Jeremy Mehler, George Christidis, Craig Samson, Carlo Samson #SBA504 #BusinessFinancing #StatewideCDC #CommercialRealEstate #Refinance #SmallBusiness #BusinessGrowth
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Our hearts go out to all those affected by the California wildfires. SBA disaster assistance is now available for homeowners, renters, nonprofits, and businesses impacted by the wildfires. Whether you are navigating recovery or seeking guidance on available resources, we are committed to standing by your side and offering support throughout every step of the process. Stay safe, stay strong, and don’t hesitate to reach out if you need assistance. Jeff Boone, Denise Zboralske, CPA, Jason Schaut, Brian Wallace, Summer Jeffus, Al Thiel, Marat Manucharyan, Spiros Karatzis, Jeremy Mehler, George Christidis, Craig Samson, Carlo Samson
Businesses and residents impacted by the #LAFires can apply for SBA disaster assistance to help pay for rebuilding and recovery costs. ?? Apply now: https://lnkd.in/gubUsA9i For help with your application: ?? Call: 1-800-659-2955 ?? Email: [email protected]
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Attention lenders and borrowers! The full-term, fixed interest rates for SBA 504 loans closing in January 2025 are: Purchase/Construction 25 - Year: 6.51% (0.42%) 20 - Year: 6.58% (0.42%) 10 - Year: 6.64% (0.18%) Refinance 25 - Year: 6.54% (0.42%) 20 - Year: 6.61% (0.42%) 10 - Year: 6.68% (0.18%) Contact your local Statewide CDC representative to lock in your rate today!? https://lnkd.in/g8tS7Vwf Jeff Boone, Denise Zboralske, CPA, Jason Schaut, Brian Wallace, Summer Jeffus, Al Thiel, Marat Manucharyan, Spiros Karatzis, Jeremy Mehler, George Christidis, Craig Samson, Carlo Samson #SBA504 #InterestRates #CommercialRefinance
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