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May 2015 Archives

Expiration of SBA loan program a challenge for small businesses

Commercial real estate loans valued at more than $300 million are scheduled to mature before 2017, and some of these loans are likely held by small business owners in North Carolina. While the economy continues to improve in the wake of the 2008 financial meltdown and subsequent recession, many business owners will find it difficult to secure the loans necessary to refinance this maturing debt due to the more stringent lending criteria introduced following the crisis.

Children of former partner sue Vikings co-owner

Maryland football fans may be interested to learn about a lawsuit that was recently filed in New Jersey against a co-owner of the Minnesota Vikings, Zygi Wilf and his father, Joseph Wilf. The lawsuit was filed by the children of Meyer Gold, a former partner of Zygi Wilf in a real estate development project.

The SBA's 7(a) loan program for small businesses

Maryland small business owners who are considering the purchase of commercial real estate may want to know about a government-backed loan program that may be available. These loans have a lot of advantages compared to similar small business loans.

An overview of zoning types in Maryland

People who are considering the purchase of real estate for a specific intended use should always make certain that the area in which the property is located is zoned for it. Zoning is used within a particular jurisdiction in order to designate that areas be used for specified purposes only.