Why is SBA popular?
We are delighted to announce the successful closing of a $2,000,000 loan for the refinancing of an owner-occupied martial arts studio in Texas. The borrower had a variable-rate SBA 7(a) loan with a rate that had risen to over 11% due to recent increases in the prime rate. We secured a 25-year fixed-rate loan with a rate in the mid-7 % range, resulting in significant savings for our borrower in annual interest payments. This is why SBA is hot at the time, many prior SBA borrowers are stuck in an adjustable rate; our product is fixed.
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Some highlights of our programs: Loans from $1,500,000+