Dive into Savings: Unveiling the SBA's New, Lower Fees for 504 Loans

March 3, 2024

Intro: A Deep Dive into Financial Freedom

Ahoy, fellow divers, dreamers, and doers! Ever felt like your business finances are as clear as a murky lake after a rainstorm? Well, strap on your fins because we're about to take a deep dive into the tropical waters of sustainable growth strategies. And trust me, the view is crystal clear down there!

Your Trusty Dive Buddy in Murky Financial Waters

Navigating the ocean of small business finance can be as daunting as swimming with sharks. But here’s the good news - you don’t have to do it alone! With Dive Buddy Accounting, you have a reliable partner who's got your back, or should I say, your bankroll. We're the innovative CPA firm and family business growth specialist you need when taking the giant stride into sustainable growth.

Watertight Books, Buoyant Tax Savings, Weighty Growth Strategy

Our mission is simple: to ensure your books are as watertight as a submarine, your tax savings as buoyant as a life jacket, and your growth strategy as weighty as a treasure chest. Because just because you want to be underwater, doesn’t mean your business has to be.

SBA 504 Loans: Your Submarine to Success

Now, hold onto your snorkels, because we've got some news that's as refreshing as a plunge into cool, clear water. The SBA has taken a deep dive and cut their program fees for the 504 loans. Yup, you heard that right! If you're looking to secure a loan of up to $1 million, they've completely removed the fee! And if you're diving deeper with a loan between $1 million and $2 million, they've halved the fee. It's like finding a pearl in an oyster!

A Year of Smooth Sailing

These changes are in effect from October 1st, 2023, through September 30th, 2024. That's a whole year of potential savings that could help your business sail smoothly towards success. So, if you're in the lineup for an SBA loan, check with your banker now and see what changes have occurred since October 1st to see if these fees will help you out.

Conclusion: Time to Dive In

So, why wait? It's time to dive into these soluble strategies and backrolled bankrolls! With Dive Buddy Accounting by your side, you can enjoy both a good life and a good living, under the sea and in the world of business. Because when it comes to living a life wild and free, on your own terms, with an enterprise that supports you, we all need a dive buddy. Now let's make some waves!