Commercial Loans Blog

  The New Small Business Bill is Really Going to Help Small Business.

This bill should be approved next week.  This bill will really help small business!  And on top of that the Govenment won't go into Debt!

1. SBA loan amount is going from $2 Million to $5 Million

2. 90% Guarantee which means the banks will be lending to higher loan to value instead of the 75%.

3. Will be able to Refinance the 504 owner occupied buildings.  This program is being submitted for CASH OUT to 90%

Even though this will help many small business please be aware that underwriting will continue to be tight in this market.  

I will let you know when this bill goes into effect!!!