It appears, given the current rate of SBA 7(a) loan approvals, the SBA 7(a) program may be shutting down soon for the remainder of the fiscal year. Realistically, once the program is up and running again, there will be quite a backlog of SBA 7(a) applications.
Let MBFC Help!
Timing is everything. NOW is the time to utilize MBFC and the SBA 504 Loan Program for your fixed asset financing needs. Let your borrowers take advantage of the long term, fixed rates the SBA 504 Program has to offer! The SBA 504 rate environment is attractive with the current 20 yr. effective rate at 4.96% and the 10 yr. effective rate at 4.33%. Turnaround time is great, with SBA typically approving our applications in 4-5 business days.
Give one of our Business Development Officer’s a call today!
SBA 504 LOAN PROGRAM FULLY FUNDED!