No Extension of SBA Loan Fee Waivers...yet The much hoped extension of the SBA 7a and SBA 504 fee waivers that was included in HR 4213 was cut from that piece of legislation before it passed, but it was added to HR 5297. However, HR 5297 was … [Continue reading] about SBA Loan Fee Waiver Not As Important As 90% Guaranty
Small Business Lending/Jobs Bill Not Passed…Yet
Small Business Lending Bill The "Small Business Lending Bill" aka "The Small Business Jobs Act" has not passed yet. (Here is a quick rundown of what it means to SBA Lending: SBA HR 5297). Republicans and Democrats are still fighting about … [Continue reading] about Small Business Lending/Jobs Bill Not Passed…Yet
SBA Loan Fees – Is The Fee Waiver Coming Back?
SBA 7a and 504 Fee Waivers Funds for SBA 7a and 504 fee waivers that were part of the Recovery Act expired on May 31st and the proposed legislation to extend it is unlikely to pass. H.R. 4213 (or the "Extender Bill" as it has been called) … [Continue reading] about SBA Loan Fees – Is The Fee Waiver Coming Back?
New SBA Bill – HR 5297 – BIG, Good Changes
HR 5297 - SBA Refinances, Larger Loans, Larger Companies Eligible SBA lenders have been talking about this for a while now and the latest bill - H.R.5297 (the "Jobs and Lending Bill") - has been passed by the House and the Senate will now take it … [Continue reading] about New SBA Bill – HR 5297 – BIG, Good Changes
Purchase Order Financing
Purchase Order Financing - The Secret Weapon of Small Business Purchase order financing is "transactional financing" where a purchase order lender finances the production of hard goods for an otherwise undercapitalized business. The current … [Continue reading] about Purchase Order Financing
SBA 504 Secondary Market Coming Back
SBA 504 Secondary Market for First Mortgage Loans Returns The Small Business Administration announced today the first 9 "Loan Pool Originators" authorized by the SBA to sell pools of SBA 504 first mortgage loans. The new secondary market is … [Continue reading] about SBA 504 Secondary Market Coming Back
SBA 504 Rates Drop Below to 5.21% for July
SBA 504 Rates Heading Lower (Again) 504 loan rates have headed back down after drifting upwards earlier in the year. The current rate for the 504 20 year fixed rate second mortgage for real estate is 5.21%. (10 year fixed rates which are … [Continue reading] about SBA 504 Rates Drop Below to 5.21% for July
SBA Loan Fees Waived
SBA 7a & 504 fees Waived Through May SBA 7a and SBA 504 loan guarantee fees have been waived again as another extension of the Recovery Act was signed by President Obama Friday morning. The current extension will last until the end of May … [Continue reading] about SBA Loan Fees Waived
SBA Loan Alternatives…Asset Based Loans
Asset Based Loans - A Good Alternative to SBA Loans SBA 7a and 504 loans are 2 of the best loan options available to those in need of commercial financing at the moment, but the reality is that many small and mid sized businesses that have good … [Continue reading] about SBA Loan Alternatives…Asset Based Loans