Press

Press

For all media contacts, press inquiries or other marketing and advertising matters, please email us or call the main office at 703-352-0504.

 

Business Finance Group Rated #1 SBA Lending by Washington Business Journal!

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Click here to see the full Washington Business Journal ratings list.

 

BFG President Sally Robertson Testifies Before Senate Small Business & Entrepreneurship Committee

Washington, DC – October 15, 2013   Owners of technology, health care, and tourism companies told their personal stories of the severe effects the federal government shutdown was having on their small businesses. Keith Griffall, who runs a tourism company based in Utah, said the shutdown was costing the travel industry $250 million each day and affecting more than 450,000 workers. The witnesses told the committee that even if the shutdown were to end that day, their companies would have to cope with millions in lost business.

 

 

Washington Business Journal Q&A: Sally Robertson, CEO, Business Finance Group

Fairfax, VA – August 9, 2013   Fairfax-based Business Finance Group, the Mid-Atlantic area’s largest facilitator of loans through the Small Business Administration’s real estate-focused 504 program, aims to start making working capital loans. I asked longtime CEO Sally Robertson about it.

Q: You’ve been a longtime real estate lender. Why get into working capital loans?

A: The sluggish commercial real estate market has brought down our lending volume about 20 percent from a year ago. So the organization has excess capacity, and we’d like to diversify.

Q: What do you aim to do exactly?

A: We’ve applied to the SBA’s Community Advantage program, through which mission-driven lenders like us can make working capital loans of up to $250,000.

Q: Banks have been abandoning small-dollar loans in droves, because they’re not as profitable as bigger loans, haven’t they?

A: Yes. You can’t blame the banks. They’ve got stockholders. They need to make a profit, and small loans are costly. The point is not to compete with banks, but to do the loans they’re not interested in doing.

Q: What’s your timeline?

A: I think we’ll be ready to roll by the 1st of October.

Q: What type of volume do you expect to do through the program?

A: We’ll probably make about 30 loans a year.

Read the full interview with Washington Business Journal Senior Staff Reporter Bryant Ruiz Switzky.
 

BFG President Sally Robertson Elected Chair of NADCO

Fairfax, VA – June 18, 2013   Members of the National Association of Development Companies (NADCO) elected Sally Robertson as Chair of the Board of Directors at their Annual Meeting in San Diego. Ms. Robertson succeeds Joe Wolfe of Wisconsin Business Development Corporation.

The meeting drew nearly 900 attendees, including senior officials of the U.S. Small Business Administration (SBA) and Congressional staff charged with implementing and overseeing the nation’s small business lending programs, which NADCO members facilitate.

“As a long term member of the NADCO Board, I’m excited to collaborate with NADCO, the SBA, and our team of executive leadership. I look forward to expanding the success of the SBA 504 program as we continue to provide a passion for excellence and innovation to the program, helping small business owners grow and expand,” commented Sally Robertson.

In addition to her significant experience running BFG for the past sixteen years, Robertson is an industry leader, selected by the Washington District Office of the U.S. Small Business Administration as the Financial Services Advocate of the Year. She was appointed to the U.S. Small Business Administrations National Advisory Council, served as the President for both the Potomac Chapter and Carolina-Virginia Chapter of the Risk Management Association (RMA), and was previously Vice Chair of the NADCO Board.

About BFG

Business Finance Group (BFG) is one of the nation’s 270 Certified Development Companies (CDCs) and the largest CDC in the mid-atlantic area.  BFG has assisted over 2,800 small businesses to finance over $3.2 billion in projects, resulting in the creation of over 28,000 jobs.

For more information on obtaining SBA 504 funding, visit http://businessfinancegroup.org or call 800-305-0504.

 

Business Finance Group Launches VetLoan Advantage Program

Fairfax, VA – June 11, 2013 – The VetLoan Advantage Program, created in part by National Association of Development Companies (NADCO), complements the SBA’s efforts to increase SBA 504 loans to veterans by 5% each year for the next five years. Designed to offer financial incentives to veterans who are seeking capital to start, grow, or expand a business, BFG is waiving various fees to help veterans save money.

“This is a wonderful opportunity to say thanks to our veterans for their service and offer them an added financial incentive to help them grow their businesses,” said Sally Robertson, President of BFG. “There are over one million veterans living in our service area of Maryland, Virginia, West Virginia, and Washington, D.C. We are excited to help any veteran, especially those that are transitioning back to civilian life as business owners.”

SBA 504 loans are designed to help small business owners get long-term financing for capital assets such as the purchase of real estate and equipment. In most cases, a 504 project includes three funding sources: a first mortgage from a private-second lender that covers 50 percent of the cost, the SBA-504 second mortgage from a CDC that covers 40 percent, and 10 percent equity from the borrower. More than 130,000 businesses have obtained SBA 504 loans over the past 25 years, and $50 billion in debentures have been funded, leading to more than $100 billion in small business financing projects.

If you are a veteran interested in securing fixed, low-rate, long-term financing for your business or enterprise, contact BFG at 800-305-0504, or email info@businessfinancegroup.org for hassle-free information.

About BFG
Business Finance Group (BFG) is one of the nation’s 270 Certified Development Companies (CDCs) and the largest CDC in the mid-atlantic area. BFG has assisted over 2,800 small businesses to finance over $3.2 billion in projects, resulting in the creation of over 28,000 jobs.
For more information on obtaining SBA 504 funding, visit http://businessfinancegroup.org or call 800-305-0504.

 

Never underestimate the power of the small business owner. Check out this video of one of our 504 clients who got an opportunity to support his candidate!

Sally Robertson – Moderator for ‘Lending to Underserved Markets’

Sally Robertson - Moderator

Our president, Sally Robertson, served as moderator for the ‘Lending to Underserved Markets’ panel during the Small Business Lending Summit, held April 17th in Washington, D.C. at the J.W. Marriott Hotel. The summit attracted approximately 300 attendees, including government agencies, policy makers, financial services and the small business community.

This session included discussions from business owners about how hard it was to borrow and banks who said they want to lend to good risk borrowers. The outcome of the discussion was positive for both business owners and the lending community, with borrowers acknowledging the need to be properly prepared to go to the banker, and with the economy seeing signs of recovery, bankers willing to lend to small business owners.

 

Business Finance Group Tops SBA 504 Lending in Virginia and Maryland

Fairfax, VA – March 6, 2012 – Business Finance Group (BFG), one of the nation’s 270 Certified Development Companies (CDCs) and the number one lender in the mid-atlantic area, today 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.

SBA 504 loans are designed to help small business owners get long-term financing for capital assets such as the purchase of real estate and equipment. In most cases, a 504 project includes three funding sources: a first mortgage from a private-second lender that covers 50 percent of the cost, the SBA-504 second mortgage from a CDC that covers 40 percent and 10 percent equity from the borrower. More than 130,000 businesses have obtained SBA 504 loans over the past 25 years, and $50 billion in debentures have been funded, leading to more than $100 billion in small business financing projects.

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.”

Companies that have strictly commercial loans (no SBA funds involved) may, until late September, refinance their loans using the SBA 504. SBA estimates that as many as 8,000 businesses may participate in this refinancing program during the current fiscal year, which will provide up to $7.5 billion in SBA-guaranteed financing leading to total project financing of almost $17 billion. Recent interest rates have been as low as 4.91% for 20-year SBA 504 refinancing loans.

About BFG

Business Finance Group (BFG) is one of the nation’s 270 Certified Development Companies (CDCs). It is a member of The National Association of Development Companies (NADCO), the trade association for the nation’s CDCs. For more information on obtaining SBA 504 funding, or using a 504 for refinancing a commercial business loan, visit http://businessfinancegroup.org or call 800-305-0504.

 

View Our President Testifying on the Hill

 

BFG Announces New Identity

Fairfax, VA – September 7, 2011 – Business Finance Group (BFG), the leading provider of SBA 504 loans in Virginia, Maryland, the District of Columbia, and West Virginia, today unveiled a transformation of its corporate identity. The new brand is designed to represent today’s BFG, a reliable, service oriented, and quality driven organization that continues to expand its presence as a leading SBA 504 lender.

 

BFG Client, Handcraft Cleaners & Launderers, Wins 2011 SBA Virginia Small Business Persons of the Year

FAIRFAX, Va., April 13, 2011 /PRNewswire/ — Business Finance Group (BFG), a leading provider of SBA 504 loans in Virginia, Maryland, and West Virginia, today announced that its client, Handcraft Cleaners and Launders, a family run, 54-year old business based in Richmond, Virginia, has won the 2011 Virginia Small Business Persons of the Year Award. Source: Business Finance Group