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Why Might You Consider CRF Financing?

There are three reasons why a small business might consider the option of CRF financing.

• CRF real estate loans are fully amortizing, 20 year FIXED RATE loans.
  
  
• The CRF program is a more flexible program than the SBA 504 loan program.
  
  Refinancing and debt consolidation are possible!
  
  
• The CRF program doesn’t have the same eligibility considerations, net worth, liquidity, cumulative SBA loan totals and size tests as the SBA 504 program.

 

CRF Business Loans

A Community Reinvestemnt Fund (CRF) business loan is a viable option on any financing project (even a refinancing one!) involving primarily owner-occupied commercial real estate, or involving major items of machinery / equipment.

The program is generally fashioned after the SBA 504 loan program, but with a little more flexibility at the front end, slightly lower fees, and, a higher interest rate (because of the smaller financing instrument pool and the absence of a Federal government guarantee, as per the SBA 504 program).

There may be times, nevertheless, when a CRF loan may be the best option for a small business borrower.

It is very certainly an alternative worth looking at.