CBAI Feature: Federal Government Focuses on SBA 504 for Economic Recovery

The latest issue of Banknotes by the Community Bankers Association of Illinois includes a piece by SomerCor VP & Loan Officer, Eric Bacon.

The federal government doubled down on Small Business Administration (SBA) lending programs as a key economic recovery tool. In addition to funding for the Paycheck Protection Program and Economic Injury Disaster Loans, recently enacted legislation includes several enhancements to the SBA 504 program. Check out the article below to learn about the key 504 program changes that can serve small business borrowers and lenders as commerce rebounds in 2021. 

Community Bankers Association of Illinois – Banknotes Magazine, March 2021

Download the program flyer and connect with a member of SomerCor’s loan origination team to learn more about how the SBA 504 loan program supports improved cash flow for small businesses.