Community Business Finance

HOUSTON, Texas, September 13, 2021—Community Business Finance, an SBA licensed Certified Development Company and provider of the SBA 504 program, announced that Vince Calicchia has joined the company as President. Company founder Bill Ebersole will continue as Chief Executive Officer.

Calicchia has served on the company’s Board of Directors since its inception in 2005. Throughout his 31-year career, Calicchia has distinguished himself as a premier banker in Houston. He led a $65 billion regional bank as a senior business banking relationship manager, directed the SBA Lending Division for a $4 billion Houston-based community bank, and earned accolades as a top producing SBA lender. In 2008, Calicchia acted as President of the Houston Association of Government Guaranteed Lenders, an SBA industry trade organization, and he was honored by the SBA as Financial Services Champion of the Year for 2010. He received his BBA from the University of Texas at Austin and his MBA from the University of Houston.

Ebersole stated, “The Company chose Vince to prepare and implement the Community Business Finance growth plan with concentration on process, marketing, and regulatory compliance. Vince is a seasoned commercial lender with an executive background in SBA operations and management. He is a valuable addition to the highly experienced Community Business Finance team and his leadership skills will be crucial to identify, develop, and carry out the strategies necessary to continue to grow the business over the next decade and beyond.”

“I am excited for the opportunity to shift my responsibilities from the board to the operations of Community Business Finance,” said Calicchia. “The company currently services a loan portfolio of over $125 million focused solely on small owner-operated companies. Business growth in our market continues to outpace the rest of the country, and capital at affordable and attractive terms to fund startups and expansions is in high demand. Bill and I both believe that we have just scratched the surface of the company’s true potential.”

As the founder of Community Business Finance, Ebersole has successfully built a Certified Development Company that has provided $226 million in long term fixed rate financing to 272 small business borrowers, creating over 5,000 jobs in the communities the company serves. Ebersole was the SBA’s Financial Services Champion of the Year in 2011. He received his BA from Boston University and his MBA from the University of Texas at Austin.

Make a Big Impact with a Small Loan

When it comes to growing a business, even a small loan can make a big impact on a company’s financial future. Projects as small as $250,000 can qualify for the 504 Loan Program, and usually with only a 10% down payment. This means that your clients can save valuable working capital and build equity in an asset, while you enjoy first-lien position and low risk. Partner with Community Business Finance to make a big impact with your clients.

See a 504 Loan in action http://www.communitybusinessfinance.com/blog/small-loan-makes-big-impact-504-loan-action

A Small Loan Makes a Big Impact: A 504 Loan in Action | Community Business Finance

504 Loan Prepayment Penalty Explained

Community Business Finance wants to dispel the myth that the SBA 504 Loan prepayment penalty is much higher than for conventional loans. Actually, the prepayment penalty is based on the loan’s debenture rate and not the effective rate. It is assumed that the prepayment penalty is a 10% step down (10% the first year, 9% the second year, etc.), but this is not the case. It is the debenture rate that sets the percentage and not an arbitrary rate of 10%.

Learn more about the 504 Loan prepayment penalty. http://www.communitybusinessfinance.com/blog/504-loan-prepayment-penalty-explained

504 Loan Prepayment Penalty Explained | Community Business Finance

Celebrate America by Lending to Entrepreneurs
On July fourth, we celebrate not only our nation’s independence, but also the spirit of the American Dream. What better way to honor that dream than to support America’s entrepreneurs? New and young companies not only inject competition into markets, they spur innovation and are the primary source of job creation in the American economy. The 504 Loan Program is a perfect way for lenders to offer a low, fixed-interest rate loan with a low down payment to entrepreneurs, helping them to build America.

See how a 504 Loan helped finance a new business. (www.communitybusinessfinance.com/blog/buying-business-504-loan-action)

Buying a Business: A 504 Loan in Action | Community Business Finance 28 Jul Buying a Business: A 504 Loan in Action By Bill Ebersole 504 Loan Program, 504 Loan, start-up When recently discussing some myths that surround Community Business Finance's 504 Loan Program, we noticed something amusing. There is a prevalent belief that 504 loans are not really meant for star...