The World of SBA
SBA Lenders are actively approving loans
Everyone’s pipelines are flush with loan originations
Underwriting is taking up to three weeks with the loan package sitting in the queue for nearly two of those three weeks
25 year fixed Interest rates are as low as 2.9% for SBA 7(a) real estate purchases and refinances for qualified applicants
Real estate and working capital projection based loans are still being funded if 100% collateralized by real estate
The World of Conventional
The top conventional lenders in the Country are still not lending to new customers and are lending only a limited bases to their existing portfolio
There are still conventional lenders who can get loans approved and funded in 30 days
What’s In My Loan Pipeline
Owner occupied real estate purchases for manufacturers, distributors, physicians, contractors and residential care facilities also known as residential assisted living facilities
Business Acquisitions for QSR food franchises, in home health care franchises, speciality general contractors not directly tied to new construction and a collision center in the inland empire.
I’m also negotiating the full relationship transition including treasury management, factoring, borrowing base and the refinancing of commercial real estate of a local sporting goods manufacturer and distributor.
My Greatest Compliment
The Customer Experience – Online Loan Application
A Message To My Friends – You Know Who You Are