There are a handful of national banks that offer very competitive fixed rate loans on SBA 7A loans. We run all of our deals by those Banks. However, I find those Banks do less than 5% of the deals we show them. Most have restrictions on the types of businesses they lend on, they are looking for heavy collateral, they want to see strong post closing liquidity, and they have low limits on how much exposure they will take against goodwill. They are also slow as molasses in underwriting.

Just about all other Banks offer variable rate pricing. There are several reasons for this which I can discuss at length later. But the market is variable rate pricing for the most part. I have seen a few Banks offering to fix rates. Usually those fixed rates are being offered slightly above the variable rate pricing today. I am not recommending our clients take those higher fixed rates because if interest rates come back down, which I believe they will later this year into next year, they will then be stuck at a higher rate.

I hope this information is of help. I would be more than happy to jump on a call to discussion your or anyone else's concerns about interest rates at any time. You can ping me here or directly at redacted

Thanks ^redacted‌! Lot's of great comments here so I won't add too much. Some bank's model only allow for variable pricing so it might depend on the institution. Our bank utilizes both variable and fixed options and we price based on risk, collateral coverage/strength of borrower/guarantor.