Daily News: March 8, 2012

Business Finance Group Top CDC SBA Mid-Atlantic Lender

Business Finance Group (BFG), one of the nation’s 270 Certified Development Companies (CDC) announced that it was the top lender of Small Business Administration 504 loans among CDCs in the mid-Atlantic during 2011 and in the top 5% in the country by loan volume.

Sally B. Robertson, president of BFG, said, “Our loan volume was up by more than 10% last year. While our total loan volume was $116 Million, we leveraged that with bank financing to provide $290 million in projects financed for 179 businesses that expect to add nearly 1,800 employees as result of their growth.”

BFG noted that companies that have strictly commercial loans (no SBA funds involved) may, until late September, refinance their loans using the SBA 504.