NADCO Continues to Push Senate to Extend “Bipartisan” SBA 504 Re-fi

March 14, 2013

By Bob Coleman
Editor, Coleman Report


The Senate Small Business and Entrepreneurship Committee held a roundtable this morning on small business access to capital and disaster recovery.

New NADCO CEO Beth Solomon urged the Senators to extend the SBA 504 refinance program.

Beth said, “While Congress may be divided on many issues, everyone can agree on a zero-cost, smart mechanism like the Commercial Real Estate and Economic Development (CREED) Act to help small businesses access capital to create the jobs America needs. Extending the SBA’s highly-successful 504 Debt-Refinance program would unleash billions of dollars in capital currently locked up in the assets of our nation’s small businesses. This is a no-brainer for both sides of the aisle.”

The good news is last month Chair, Senator Landrieu has introduced legislation to extend the 504 re-fi.