SBA 504 Update
As of January 4th, the partial Federal Government Shutdown is still in effect. The SBA is unable to process 504 loans for approval or modify existing approvals at this time. That being said, our office is still accepting 504 loan applications and processing them internally. We are continuing business as usual so that we can submit to SBA immediately one the shutdown is lifted.Should the partial shutdown continue into mid-January, it is possible that Interim/Third party Lenders would need to extend credit approval dates, which may accrue additional costs for the borrower amount.