Commercial Financing – SBA 504 Loan and Small Business

Bob continues his interviews with Dave Perry, Sr. Vice President of Fidelity Bank and Larry LaChance, President of Banker’s Capital, about various topics on residential and commercial lending.

Dave discusses the SBA 504 loan available to businesses trying to buy a commercial building. These new programs ensure the borrower has “skin in the game” so that the financial institutions and the borrowers will work together to ensure both benefit.

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Continuing the discussion with Dave Perry, Sr. VP of Commercial Lending at Fidelity Bank, small business owners can use the Small Business Development Center through Clark University to put together a plan to go to the bank to secure a loan.

Listen to the discussion