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07-19-2021, 04:53 PM #1
Commercial SBA Rates Close to Prime?
Are the interest rates for commercial SBA currently any less than 6%?
I have clients claiming they heard SBA rates are 3.25% APR now... If that's the prime rate, then isn't the bank gonna get paid??
Does anybody know of banks who do commercial SBA but charge less than 2.75% for a total of 6% APR?
Please let me know where to go with this deal...
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07-19-2021, 05:11 PM #2
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- Feb 2019
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07-20-2021, 10:08 AM #3
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07-20-2021, 11:13 AM #4
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- Mar 2014
- Location
- Florida
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SBA Rates are Prime + 2.00% to 2.75% depending on the strength of the file.
(The SBA Bank that I rep for)
The SBA Guarantee Fee was waived for a period of time.
FYI:
https://www.sba.gov/funding-programs/loans/7a-loansDave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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07-20-2021, 01:20 PM #5
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07-20-2021, 12:17 PM #6
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- Feb 2019
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07-20-2021, 01:23 PM #7
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07-19-2021, 05:35 PM #8
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,948
I do not speak for every SBA Bank - the SBA Guarantee is generally 2.4% to 2.60% depending on the loan size.
https://www.sba.gov/partners/lenders...types-7a-loansDave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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07-19-2021, 06:04 PM #9
- Join Date
- Feb 2019
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- 209
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