Small Business Financial Forecasting in the New Normal
As communities lift COVID-19 restrictions and we begin to revive our economy, small businesses must have plans to navigate an uncertain marketplace. Stabilizing cash flow is paramount. Moreover, this is a good time to review your company’s indebtedness and consider refinance opportunities to take advantage of low interest rates and equity capital to pay for new investments, operating expenses or grow cash reserves. The SBA 504 refinance program is a viable option and has a proven track record of helping small businesses navigate a challenging economic environment. The 504 refi helps small businesses restructure existing debt on their commercial real estate by locking into fixed 20 or 25 year, below market interest rates, providing predictable, lower monthly mortgage payments. Click here to read more from Somercor.