Commercial Business Loans | TigerDroppings.com
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Chad504boy
Cincinnati Fan
Five Oh Four
Member since Feb 2005
88397 posts

Commercial Business Loans

What are some vague interest rates for a SBA loan. What limitations does an SBA loan have with size? Just for shits and giggles, could be talking a loan from like 1.6M to 3.5M...

shits and giggles... but i need answers.


BigAppleTiger
LSU Fan
New York City
Member since Dec 2008
6862 posts
Online

re: Commercial Business Loans
I started talks only yesterday with Iberia for a commercial loan of about 700k to 1m for 3 investment/rental properties . I'm handling the inquiries as an equity loan or construction loan (for 1 vacant land lot) because I have that amount of equity in the properties. I hadn't thought about an SBA loan but would be interested to find out. I'll lay that scenario on the loan officer and tell you what I come up with. The intricacies of financing and different available methods are not my strong point, but I keep learning all the time so I'll share.


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joeytiger
LSU Fan
Denham Springs
Member since Jul 2012
3881 posts

re: Commercial Business Loans
I would also like to know, looking to buy my grandfathers company for 350k and we have been debating on interest rates.


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geauxskeet
LSU Fan
Member since Oct 2009
224 posts

re: Commercial Business Loans
not sure about SBA, but we are currently closing a loan for 1.2M 6 years at 3.75% fixed. If you have decent credit, equity and positive cash flow, tell the bank/credit union what you are willing to do(they do have to make money too). They will work with you to get at least close.


BigAppleTiger
LSU Fan
New York City
Member since Dec 2008
6862 posts
Online

re: Commercial Business Loans
Which lender are you working with?


wpsnickers
SMU Fan
Member since May 2004
2586 posts

re: Commercial Business Loans
Depends on your loan amount. But prob around WSJ +4% variable.


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