Browsing: SBA

Key takeawaysSBA 7(a) and 504 loans may have prepayment penalties. SBA microloans and disaster loans do not.Paying off your SBA loan early can be worth it…

Forward look: NewtekOne, a top SBA lender, reported strong third-quarter earnings Wednesday, but CEO Barry Sloane said the company’s fourth-quarter results could be crimped by a…

Key insight: Several large lenders reported continued strong small business loan demand despite ongoing economic uncertainty and disruption. Expert quote: “We’re not seeing any slowdown. We’re actually…

If Congress can’t reach an agreement on federal funding by the Sept. 30 deadline, the government will shut down — leaving small-business borrowers facing uncertainty about…

SBA loan collateral vs. guarantee: What you need to know Source link

The Small Business Administration has ordered more than 5,000 lenders in its network to immediately end what it calls “politicized or unlawful banking practices,” following President…

Loan amount Up to $5.5 million* Maximum SBA guarantee Up to 40% Interest rates Approximately 3% of debt; based on an increment above current market rate…

SBA 504 loans: How to qualify and apply Source link

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UPDATE: This story now includes quotes from an interview with BayFirst CEO Thomas Zernick.A week after reporting a second consecutive quarterly loss, Florida-based BayFirst Financial has…