Current SBA Rates

by a searcher from Wake Forest University

1 year ago

Hi all,

I have ~$3mm acquisition under LOI and am currently looking for a SBA 7a lender (seeking 90% financing). Was curious what interest rates folks are seeing in the market today. My understanding was that all providers generally price at Prime + 2.25% - 2.75%, however, have recently had two regional banks initially quote me at around 7-8% fixed. Has anyone heard of this before?

3 likes
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29 comments

lender from University of Southern California

We work with two SBA lenders that offer fixed rate financing tied to the 10-year treasury, not Prime. Right now that is 7.63%, fixed for 10 years. A full 10% or more downpayment will need to be made. Good post close liquidity of 10% will also be needed. Feel free to email me at --@----.com and I can introduce you to these lenders.

3 months ago | like reply | 0 likes

investor from Columbia University - Columbia Business School

interested as well

9 months ago | like reply | 0 likes

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