Want an SBA loan? Step one talk to your landlord.
September 7, 2015
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October 4, 2015
The below pricing is provided by The Best Business Loans in Town which is a local on-line marketplace, using technology to dramatically simplify the execution of shopping for business loans.
This information was gathered from over 20+ local banks and lenders in the South East Florida market. Many of these lenders inputted the data themselves.
To see for free what terms you or your Clients could qualify for, please go to our website www.tbblit.com. Finding out is very fast and easy and normally takes 10 minutes or less.
Commercial Real Estate (Owner -Occupied)
| Term | Interest Rate | Rate locked for | Amortization | |
| Best | 15 yrs | 3.99% | 15 years | 15 years |
| Average | 10 yrs | 4.5% – 4.75% | 5-10 years | 20 years |
Commercial Real Estate (SBA pricing)
| Term | Interest Rate | Rate locked for | Amortization | ||
| Best | 20 yrs | 4.50% | 20 years | 20 yrs | 504 loan |
| Average | 20 yrs | 5.00% | 20 | 20 yrs | 504 loan |
| Best | 25 yrs | 5.50% | 25 | 25 | 7a loan |
| Average | 25 yrs | 5.25% | Adjustable | 25 | 7a loan |
Machinery & Equipment Loan
| Term | Interest Rate | Rate locked for | Amortization | ||
| Best | 4 yrs | 3.99% | 4 | 4 yrs | Traditional |
| Average | 5-10 | 4.50% | 5 | 5 | Traditional |
| Best | up to 10 | 5.25% | Adjustable | up to 10 | SBA loan |
| Average | up to 10 | 6.00% | Adjustable | up to 10 | SBA loan |
Working Capital Loan
| Term | Interest Rate | Rate locked for | Amortization | ||
| Best | N/A | 0.00% | 7 months | credit card | |
| Average | 5-Jan | 5.50% | 5 | 5 | |
| Best | up to 10 | 6.00% | Adjustable | up to 10 | SBA loan |
