- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Commercial Business Loans
Posted on 2/21/13 at 2:51 pm
Posted on 2/21/13 at 2:51 pm
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.
shits and giggles... but i need answers.
3
Posted on 2/21/13 at 5:01 pm to Chad504boy
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.
Posted on 2/21/13 at 9:02 pm to Chad504boy
I would also like to know, looking to buy my grandfathers company for 350k and we have been debating on interest rates.
Posted on 2/21/13 at 9:25 pm to Chad504boy
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.
Posted on 2/21/13 at 10:21 pm to geauxskeet
Which lender are you working with?
Posted on 2/21/13 at 11:40 pm to BigAppleTiger
Depends on your loan amount. But prob around WSJ +4% variable.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News