Develop Austin Texas

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.

While banks aren’t going to be handing money over to anyone who walks in off the street with a business plan, they are going to be making it easier for smaller businesses to get access to funds that will help them grow.  Business growth equals job growth.  The more jobs created the greater the demand for housing, land, etc…  It will be interesting to see whether or not existing business will take advantage of this opportunity and if it will pay off in the form of job growth in Central Texas.

Tags: Austin Commercial Property, Austin Development, Austin Growth, Central Texas Development, Central Texas Growth, SBA Loans

This entry was posted on Tuesday, March 24th, 2009 at 2:03 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.