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sba 7a loan: Today's SBA Loan Rates - 01/18/11 08:24 PM
We are going to break down the current SBA loan rates, into two categories, 1. on SBA 7a loans and 2. on SBA 504 loans.  Both are very different so we will describe what the current rates are separately, and give a brief description of the programs themselves.
SBA Loan Rates on 7a Loans
The vast majority of banks tie their 7a loans to Prime Rate, which is currently at 3.25%.  The banks margin is normally 2.75%, so the Effective Rate for the borrower is currently at 6%.  It is very uncommon in this market for a bank to offer an … (1 comments)

sba 7a loan: SBA 7a Loan, SBA 7a loans - 06/02/09 07:45 AM
The SBA 7a loan has been getting a lot of press lately, as it is one of the most viable commercial real estate loans out there, and many business owners are trying to get a better understanding of the loan program.  Below are the typical questions that business owners have regarding the SBA 7a loan.    
Aren't SBA lenders the same?  Should I just work with a local bank?
Though the SBA has set guidelines, banks all have their own lending criteria, and what is considered a doable deal from one bank will not be to the next.  Many borrowers … (1 comments)

sba 7a loan: SBA 7A Loans, The Best Solution - 05/14/09 11:03 AM
SBA 7A loans are one of the best finance solutions to business owners, in the market today.  There are two primary reasons for this - value and viability.
As commercial real estate values continue to decline the SBA 7A loan offers the highest financing available in the business, at 85%.  Conventional bank loans in contrasts are normally capped at 65% loan to value. 
Say you bought an office building 5 years ago for $1,000,000.  You put 30% down and started off with a $700,000 loan amount.  Now 5 years later your existing loan is ballooning/adjusting and you need to investigate what … (1 comments)

sba 7a loan: SBA Commercial Loans - Poised For a Come Back? - 03/05/09 12:36 PM
Year to date we have seen 6 major national SBA lenders come back to the market.  That is very encouraging news, despite all of the continued talk of the recession and how bad it might get.  The fact that these leaders in the industry have the confidence to put both their necks on the line and capital, is the most important and significant statement of belief they could provide.
SBA commercial loans, including the 7a and the SBA 504 loan program have received a lot of press lately, both good and bad.  On the positive side, SBA loans have been one of … (0 comments)

 
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Jeff Rauth

Birmingham, MI

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Commercial Finance Advisors, Inc

Office Phone: (248) 885-8797

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