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

by a searcher from Miami University of Ohio

1 year 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.

0 likes
42 views
1 comment

searcher from University of California, Berkeley

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

9 months ago | like reply | 1 like

More on Searchfunder

Just Closed on My First Deal! Reflections and Takeaways for other Searchers

45,152 transactions are available on Searchfunder (now searchable by keyword)

Now everyone has unlimited IBISWorld access

Family office looking for traditional searchers

2 Best Ways To Find Motivated Sellers, Off-Market Deals

Investor seeking Self-Funded Search Deals

6-7x for a Self-funded Search Deal?

Thought piece: Proprietary sourcing methods that delivered 2 acquisitions

Searchfunder is an online community and toolkit for searchfunds. Over 80% of those involved in searchfunds maintain a Searchfunder.com account to help them network, problem solve challenges, and keep up with the industry.

We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.