SBA Loan Question - Fixed Term Length - Which would you choose?

by a searcher from Miami University of Ohio

5 months ago

In todays current rate environment (Feb 2024), which would you choose and why? 

A) 3 year fixed then variable adjusted each quarter (Prime plus .31%)
B) 5 year fixed then variable adjusted each quarter (Prime plus .21%)
C) 10 year fixed (Prime plus .5%)

These terms are being proposed on current deal by lenders. Commitment letters in hand. All banks keep loan on books and don't sell.

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searcher from University of California, Berkeley

Would love to know who's offered these rates to you.

1 month ago | like reply | 1 like

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