SBA Loan Question - Fixed Term Length - Which would you choose?
February 14, 2024
by a searcher from Miami University of Ohio in Lexington, KY, USA
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.
from University of California, Berkeley in San Francisco, CA, USA