Small Business Fuels Big Job Gains in June 2020

By |2020-07-07T10:53:09-07:00July 7th, 2020|NEWS|

Private sector small business employment increased by 937,000 jobs from May to June according to the June ADP Small Business Report. Due to the important contribution that small businesses make to economic growth, employment data that are specific to businesses with 49 or fewer employees is reported each month and broadly distributed to the public, [...]

Choosing The Right SBA Loan For Your Business

By |2020-06-17T14:54:12-07:00June 10th, 2020|NEWS|

It shouldn’t come as a surprise that SBA loans are a hot commodity these days. With the recent introduction of the SBA’s Economic Injury Disaster Loan program and the Paycheck Protection Program, it seems there are (at this moment) a variety of options for business owners to choose from to obtain financing. But what if [...]

Insights on the Paycheck Protection Program from an SBA Lender’s Perspective

By |2020-04-30T09:06:42-07:00April 30th, 2020|NEWS|

A discussion about the Paycheck Protection Program (PPP) from an SBA Lender’s Perspective. Stephanie Chung Business Development Officer at Business Finance Capital D: 925.900.3344 E: stephanie@bfcfunding.com   1. The PPP experience has been a challenge from the perspective of a borrower, but what has the experience been like on the lending side? How has your [...]

Links & Resources for Businesses impacted by COVID-19

By |2020-05-11T14:32:13-07:00March 24th, 2020|NEWS|

Links & Resources for Businesses impacted by COVID-19 Presented by Business Finance Capital As we continue to forge ahead during this crisis, please refer to the following links and resources for additional information. Also, please feel free to contact us here at BFC as needed. Call: 1-800-SBA-REAL   Updated 4/7/2020 SBA 504 LOAN RELIEF [...]

What are the Public Policy & Community Development Goals for the SBA 504?

By |2020-03-12T11:30:36-07:00March 3rd, 2020|NEWS|

The SBA 504 Loan has three components: 1) direct commercial loan from the private sector covering 50 percent of the project, and secured by a senior lien. 2) a loan secured with a junior lien from a CDC (like us at BFC) covering up to 40 percent of the cost, and backed by a [...]

Getting Started with the SBA 504 Loan Program

By |2020-04-16T16:39:44-07:00February 4th, 2020|NEWS|

When it comes to starting a business, it’s extremely common for business operators that have warehouses, offices, even storefronts, to start their businesses in a leased property.  It makes sense because it’s more affordable to rent versus own (at least in the beginning), and typically it’s faster to find a location to rent versus buy. [...]

Will AB5 Affect Your Small Business?

By |2020-03-12T14:19:48-07:00February 4th, 2020|NEWS|

In 2020, the way small businesses employ freelance workers has changed. Due to Assembly Bil 5 (AB 5), California Governor Gavin Newsom said that the new law “will help reduce worker misclassification — workers being wrongly classified as ‘independent contractors’ rather than employees, which erodes basic worker protections like the minimum wage, paid sick [...]