SBA 504 Interest Rate Hits All-Time Low . . . AGAIN.
7 commentsOctober 16th, 2009 | 09:09 am
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"Thank you so much for all your help with our recent business expansion loan. Had it not been for Mercantile Capital Corporation's tremendous skill, speed, expertise, and availability I truly believe our loan would not have closed. In a lending environment where bankers kick their feet up on the desk and look down their nose at small businesses, your company treated our financial needs with the dignity and respect they deserved. We would and will recommend your services in the future!" Mo Dari |
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October 16th, 2009 | 09:09 am
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So where will we be next?
October 19th, 2009 at 10:10 am
Chris, —I may have a good lead for financing of owner occupied building approx $1 mil here in Orlando—will let you know—
October 19th, 2009 at 10:41 am
I am a 1/3 owner of a small bar/resturant in downtown Chicago. My son and I want to buy out our operating partner and one other investor, which will give us 95% ownership. We have owned this operation for 27yrs and it is in need of some improvements, including the operating partner who is tired and worn out. We would be looking for 3 to 500,000 dollars to complete the buyout and to execute the going forward business plan.
I would be interested in seeing if there is a program that would fit this situation.
October 19th, 2009 at 11:05 am
Thats great. Now get the government to change the rules so I could refinance the building i am in.
October 19th, 2009 at 1:21 pm
Working on it, Chip.
October 19th, 2009 at 5:17 pm
Yes Chris, I saw it coming: http://blog.kohresources.com/record-low-interest-rate-of-4-86/
Have a 1MM deal for you in NJ; but I would really like to see you start lending in MI. Talked to a CDC in MI who was under the impression you did.
October 20th, 2009 at 9:18 am
Looking to expand and move from my 8 acre farm place into a commercial building. Not sure I can afford to do it and yet feel with opportunities like they are I may not have as good a chance to aquire property. Any suggestions?
November 17th, 2009 at 4:17 pm
NEED ABOUT 1,500,000 TO PURCHASE A BUILDING THAT IS BEING USED BY MY CLIENT AS A DAYCARE CENTER WITH RENT OF 7300.00 PER MONTH. ARE THE ONWERS ALLOWED TO HOLD A 2ND MORTGAGE UNDER THIS PROGRAM?