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tigerfan4732
| Favorite team: | LSU  |
| Location: | Monroe, Louisiana |
| Biography: | |
| Interests: | |
| Occupation: | Banker |
| Number of Posts: | 20 |
| Registered on: | 7/11/2006 |
| Online Status: | Not Online |
Recent Posts
Message
re: 504 SBA loan
Posted by tigerfan4732 on 1/28/10 at 7:27 pm
It is a minimum of 10% but would increase 5% if the business is a start up and another 5% if the building is considered to be a "special purpose building" for a maximum of 20%. Remember that the percentage of the injection is of the total project cost which includes all the soft costs associated....
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re: Option 1, 2 or 3
Posted by tigerfan4732 on 1/22/10 at 7:03 pm
How about a 4th option? If she takes the money to her bank and borrows against it, the interest rate on the loan would be 2-3% more than the rate she would earn on the money. Her bank should have no problem with this because they have virtually no risk. With interest rates on savings or CDs at ap...
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