CERTIFIED DEVELOPMENT COMPANIES (CDCs) are nonprofit corporations approved by the U.S. Small Business Administration to work with participating lenders (typically, a bank) to provide long-term loans to small businesses. There are 270 CDCs and each covers a specific geographic area. CDCS PARTICIPATE IN WHAT IS KNOWN AS the SBA CDC/504 Loan Program. This program provides […]
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“NEVER PAY FRONT MONEY” is a wise rule to live by. If you don’t pay for something until you have it in your hands, no one can skip town with your hard-earned cash. To get a business or real estate loan, however, loan applicants may be asked to shell out cash for a deposit or […]
Read more »REAL ESTATE IS A GREAT HOME BUSINESS. Some of my real estate entrepreneurs are so close to their business that they live on the property that gives them their income! Could you ask for any closer ties? (These wealth builders live in one of the apartments of their multifamily income buildings.) Choose How You Want […]
Read more »SMALL BUSINESS DEVELOPMENT CENTERS (SBDCS) provide assistance to small businesses and aspiring entrepreneurs. SBDCs help wealth builders realize the dream of business ownership and help existing businesses remain competitive in today’s marketplace. Below you can download a free list of all SBDCs in the United States, updated for 2015. THERE ARE MORE THAN 700 SBDCs […]
Read more »In a world where thoughts of conventional bank loans and private money funding evoke yawns of “Been there, done that,” crowdfunding is the biggest breath of fresh air to hit real estate financing in decades. Real estate crowdfunding offers new opportunities for investors and borrowers to connect and benefit from each other. The best way […]
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