SBA 504 Loan Total $19.3 Million in AZ

There is a great sign that the Arizona economy is bouncing back Bizjournals.com reported, as SBA 504 loans jumped to $19.3 million in Feburary, up from January’s $12.7 million and December’s $7.5 million.

SBA 504 financing helps small business owners purchase commercial real estate, including buildings and large real estate.  The loan aids businesses in conserving working capital and helps them retain liquidity.  The program was developed for entrepreneurs looking to expand by purchasing real estate for new businesses, thus stimulating growth and ultimately the economy.