Hi all,
I have ~$3mm acquisition under LOI and am currently looking for a SBA 7a lender (seeking 90% financing). Was curious what interest rates folks are seeing in the market today. My understanding was that all providers generally price at Prime + 2.25% - 2.75%, however, have recently had two regional banks initially quote me at around 7-8% fixed. Has anyone heard of this before?
Current SBA Rates
by a searcher from Wake Forest University
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