Commercial Business Loans | TigerDroppings.com

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Chad504boy
New Orleans Saints Fan
Five Oh Four
Member since Feb 2005
83894 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.







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BigAppleTiger
LSU Fan
New York City
Member since Dec 2008
6604 posts

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
3741 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
202 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.





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BigAppleTiger
LSU Fan
New York City
Member since Dec 2008
6604 posts

re: Commercial Business Loans


Which lender are you working with?





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wpsnickers
SMU Fan
Member since May 2004
2579 posts

re: Commercial Business Loans


Depends on your loan amount. But prob around WSJ +4% variable.





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