Premiums for SBA 7(a) fixed rates vs. variable comparison

We were recently asked to get an idea of what premiums might be on fixed vs variable rate loans for a client so I thought I’d share that information with you. The numbers highlighted below represent the range of bids obtained for each particular scenario:

10 Year Term

  • P+2.75% floating; Adjusted Quarterly 11.00%-12.375%
  • P+2.75% floating; Adjusted Annually 6.00%-7.00%
  • 6% Fixed Life of the loan 2.00%-4.00%

25 year Term

  • P+2.75% floating; Adjusted Quarterly 15.00%-17.5%
  • P+2.75% floating; Adjusted Annually 8.00%-10.00%
  • 6% Fixed Life of the loan 0%-2.00%
  • 6% Fixed for 5 years; P+2.75% adjusted every 5 years 3.50%-6.50%
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