Commercial Loans Blog

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If you are thinking of purchasing a business or an owner occupied commercial building, you better act fast in order to take advantage of the SBA Business Loans. Some parts of the Small Business Jobs Bill are temporary and will be expiring on December 31, 2010. What parts of the bill is temporary? The temporary part of the bill is the Fee Waiver and the 90% Guarantee. The average fee on an SBA loan is 3% of the total loan amount. Also, the guarantee on SBA 7a loans is normally 75% of the loan balance. It has now been raised to 90%. So, you better act fast, this part of the bill not only is subject to ending on December 31, 2010 but it is also subject to available funding.

Wishing you the best,

Karen Schimpf
Phone: 512-650-8630
Toll: 866-400-8630
Web Site: http://bizloansconnections.com/

Posted by Karen Schimpf on November 4th, 2010 9:39 AMPost a Comment (0)
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