Posted 12 Apr 11 By: No comments yet

Enchantment Land Certified Development Company

NAI Maestas & Ward hosted Enchantment Land Certified Development Company  at our monthly advisor meeting.  Enchantment provides capital to small business in New Mexico and more importantly helps with the SBA 504 Loan program.

SBA 504 program is a great vehicle for small businesses,  up to $12.5 Million (not so small) to purchase real estate.  Basically under the SBA program, SBA provides 40% of the financing, a bank, qualified to participate in the SBA program, provides 50% financing, and the borrower needs to put the remaining 10% in cash as equity.   The SBA portion of the loan can have up to a 20 year amortization schedule, with competitive interest rates.

I was very impressed with the Enchantments presentation and would recommend that small business owners consider purchasing real estate to explore this attractive financing option.

Dave Hill, Director NAI Maestas & Ward. Direct Phn 505- 998-1573

Wednesday, April 6, 2011

NAI Maestas & Ward | Phn 505-878-0001

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