Kickstart Your Business With an SBA 504 Loan With Jacky Dilfer

Jacky Dilfer is the Executive Director of Business Finance Capital (BFC), a Small Business Administration (SBA) Certified Development Company (CDC) specializing in the SBA 504 loan program. In her role, she oversees the CDC’s governance and operations, including re-establishing its position in the marketplace and enhancing its economic development and job creation strategies. With over a decade of experience in the commercial and SBA lending space, Jacky has served as a top-producing commercial lender, business development officer, and advisor to multiple real estate and charitable institutions.

Here’s a glimpse of what you’ll learn:

• [3:45] What inspired Jacky Dilfer to pursue a career in commercial and SBA lending?
• [5:43] The impact of SBA 504 loans on small- to medium-sized businesses and how to qualify for one
• [9:50] How Jacky fosters a culture of professionalism and regulation adherence
• [11:15] Overcoming the challenges of obtaining a loan for small and medium businesses
• [13:31] Jacky’s approach to business and community engagement
• [15:58] Tips for obtaining a small business loan and becoming a commercial lender

In this episode…

Small- and medium-sized businesses often struggle to obtain adequate funding and loans to launch and grow their operations. They are forced to pay exorbitant rates for their loans or miss opportunities given to larger businesses. How can you qualify for loans that are ideal for your business?

Small business commercial lender Jacky Dilfer is committed to helping small business owners purchase property for their operations. She recommends applying for the Small Business Administration (SBA) 504 loan, which only requires a 10% down payment on all purchases. Some banks and institutions like Business Finance Capital (BFC) will finance 40-50% of your project with favorable interest rates and terms. Since these loans require personal and business tax returns for the approval process, Jacky emphasizes maintaining healthy credit scores and hiring a bookkeeper and tax consultant to manage your finances and strategize your tax returns.

In today’s episode of RAW Spotlight, Victor Huynh chats with Jacky Dilfer, the Executive Director of Business Finance Capital (BFC), about obtaining loans for small business owners. Jacky shares how SBA 504 loans benefit small- to medium-sized businesses, her approach to business and community engagement, and how to become a commercial lender.

Resources mentioned in this episode:

• Victor Huynh on LinkedIn
• Ready Artwork
• Jacky Dilfer on LinkedIn 
• Business Finance Capital (BFC)
• “Money, Mentorship, and Making a Difference: A Dual Career in Finance and Government With Andrew Chou” on RAW Spotlight
• “Building a Billion-Dollar Real Estate Empire: Josh McIntire’s Journey From Crisis to Success” on RAW Spotlight

Quotable Moments:

• “When my dad suggested I try banking, I learned about different businesses and people, sparking my journey in commercial lending.”
• “Our team acts as advocates for business owners, fighting to help them purchase property and build stable foundations for success.”
• “The SBA 504 loan is unmatched, allowing business owners to save cash and access favorable terms with minimal risk for banks.”
• “Hire a great bookkeeper and tax consultant to strategize returns, ensuring you show affordability for building purchases.”
• “In this industry, be prepared to work hard daily, adapting to changing markets and regulations, and have a lot of grit.”

Action Steps:

1. Seek out SBA 504 loans for business growth: Understanding and utilizing SBA 504 loans can offer significant advantages for small business growth, such as favorable interest rates and low down payment requirements. This addresses the challenge many small businesses face with securing affordable financing options to purchase real estate for their operations.
2. Strengthen your business documentation and credit: Maintaining impeccable personal and business credit scores and keeping detailed financial documentation are crucial steps in preparing for loan applications.
3. Build a knowledgeable support network: Engage with experienced bookkeepers, accountants, and financial advisors to manage your business finances effectively and prepare for loan applications. This streamlines the loan approval process by reducing errors and optimizing financial presentations.
4. Continually educate yourself on financial products and opportunities: Stay informed about various financial products and lending opportunities available in the market. This promotes awareness of beneficial financial instruments that can aid in business expansion.
5. Pursue community engagement and networking: Actively participate in community organizations and professional networks to expand your influence and access to resources. This builds a supportive community around your business and opens up new opportunities for growth and collaboration.

Sponsor for this episode…

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