Page 1

ood new jobs. These loans go to companies that are leading the way in our economic recovery. They are buying new technology, new office space, and new property. They are creating good jobs across America.?

The 504 Loan Program operates with no appropriated dollars, but does require statutory authority to charge the fees to cover the cost of the program. House Resolution 3915 extends the 504 fee authority through May 21st 2004, allowing the program to continue operating.

The 504 Loan Program provides long-term, fixed-rate financing to small businesses to acquire real estate, machinery or equipment for expansion or modernization. By improving small businesses access to capital for capital improvements and acquisition, the 504 Program helps businesses expand and create full time, permanent jobs in their communities. These loans are delivered through Certified Development Companies, which are private, nonprofit organizations dedicated to helping businesses grow and thrive in their local communities


Page 1

Please Rate This Article
         
1 2 3 4 5
Exellent
Current Average Rating: 3.6   (29 Votes)