Is a Fixed-rate SBA 7a Loan Really a Myth? Get the Facts & Find Out Now

1 year ago
8

Is a Fixed-rate SBA 7a Loan Really a Myth? Get the Facts & Find Out Now

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Q: Is it feasible to obtain a fixed-rate SBA 7(a) loan? Most banks that I talk with tell me that it is adjustable based on the Wall Street Journal Prime Rate plus a margin. Let me know if this is the only way

Thanks,
Wally

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Timestamps:
(00:01) - Question about fixed-rate SBA 7(a) loans and the common belief that they are adjustable based on the Wall Street Journal prime rate plus a margin.
(00:27) - The prevalence of variable-rate loans (around 80-90%) and mentions scenarios where fixed-rate options are more likely, such as when commercial real estate (CRE) is involved in the acquisition.
(01:00) - Fixed-rate options might be available through bank specials or for borrowers with a strong financial position and high net worth, though such cases are less common.

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#SBA7ALoans #FixedRateLoans #VariableRateLoans

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