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.