I am in the middle of my first time acquisition. Shopping for a loan with three different banks. Just got my first proposal in.
Please share thoughts on what are the current benchmark and what makes a good from a bad deal based on todays rates.
3 year fixed rate at Prime + 1.50% and prime + 2.25% floating rate for the remaining 7 years.
SBA 7A - what defines a great deal today?
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