SBA Loans part 1
The recent loosening of restrictions on SBA loans will greatly affect the land and development market here in Central Texas – both directly and indirectly. This post is going to focus on the obvious.
Last week, the administration announced they were eliminating all fees on the SBA’s most popular loan, the 7a loans, as well as CDC/504 loans. They are guaranteeing larger portions of loans (up to 90%) and offering 0% interest loans for small businesses that are falling behind on current loans. This loosening of restrictions will allow current businesses to grow and new businesses to start up.
With Austin’s relatively strong economy, we may see quite a few new businesses starting up in the near future. New businesses are going to need new space. We are going to see new and creative uses of existing urban areas and (hopefully) smart growth around the urban core.
Tags: Austin Commercial Property, Austin Development, Austin Growth, Central Texas Development, SBA Loans
This entry was posted on Monday, March 23rd, 2009 at 1:25 pm and is filed under General Market. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
