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Lee Iacocca guest on My Two Cents On Business Blog

 

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Alacom Finance

For 27 years, Alacom Finance has been and continues to be, one of the Southeast's leading providers of economic development money through the 504 Loan Program with projects exceeding One Billion Dollars

We proudly boast that we have one of the most experienced and knowledgeable staffs in our industry.

We have a fantastic group of public and private lending experts including, skilled SBA professionals, seasoned commercial lenders, proven servicing officers, creative business development officers, several economic development specialists and even a veteran liquidator on staff.

We also offer expertise in many other programs and are known nationally for structuring innovative loan packages.

 

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June 504
Debenture Rates

 

10 Year Debenture 3.31% for Machinery & Equipment


20 Year Debenture 4.95% for Real Estate


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Breaking News!

Update on the 504 Loan Program


NADCO Chair, Jean Wojtowicz, (Indiana Statewide CDC) provided testimony before the U.S. House Small Business Committee on the SBA 504 loan program June 10, 2009. 


Karen Mills, SBA Administrator held a press conference today to announce the implementation of the new ARRA refinance regulations for the SBA 504 loan guarantee program.  Eric Zarnikow, Associate Administrator of the Office and Capital Access and Chris Crawford, NADCO President participated in a press conference.  Attached are the SBA press release and the key program talking points from today’s press conference.

SBA to allow floor plan financing for car, boat, RV, mobile home, and motorcycle dealers

SBA has temporarily eliminated the upfront guaranty fee on 7a loans and the third party lender fee and CDC processing fee on 504 loans. 


504 Loan and 7a Loan forms now available for downloading. Individual forms and full loan kits available

 

Alacom News

Diane Roehrig Appointed to the Rural Alabama's Committee of 100 and ACE Board of Directors