Great Premium on Fixed Rate 7(a) Loan

The secondary market for SBA 7(a) loan sales is pricing very aggressively right now, even on fixed rate loans. Small Business Resource Associates recently facilitated the following transaction:

$714,000 loan, 25 year term fully amortizing, 6.50% fixed rate for 25 years. The guaranteed portion of the loan was sold on the secondary market for a premium of 9.55%!

Don’t let those competitive deals get by you, premiums are great even if you have to offer a fixed rate.

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