SBA 504 Interest Rate Drops Below 5%

504 Interest Rate Drops Below 5%

 

The 20-year fixed interest rate on Small Business Administration (SBA) 504 loans for the purchase of commercial real estate fell to an astounding 4.93% for August, marking the second lowest interest rate in 504 program history. The lowest 504 rate on record was set at 4.86% in October 2009.

 

Commercial Capital, Ltd. is a direct SBA 504 lender.

 

For more info, click on the following link:

 

SBA 504 Loans

http://www.business-loan-pro.com?spg=article.php*arid=732

 

 

 

Tony DeCresie

Commercial Capital, Ltd.

Your #1 Source for Business & Commercial Loans

Office: 863-298-8900 Fax: 863-877-4456 Cell: 813-833-3132

www.CommercialLendingPros.com

 

SBA Lenders Gear Up First Mortgage Pooling Program to Increase Lending Capabilities for Banks

SBA Lenders Gear Up First Mortgage Pooling Program to Increase Lending Capabilities for Banks
SBA approved banks and commercial lenders have begun assembling loans under a new Small Business Administration (SBA) secondary market program to help banks increase their lending to small businesses.

Through the first-mortgage pooling program, banks will sell 85 percent of their first mortgage on SBA-504 loans to the secondary market, providing increased liquidity and ability to offer more competitive variable and long-term fixed rates to borrowers. Secondary market investors will receive an 80 percent guaranty on these loans.

It's designed to help stimulate lending to small businesses for the purchase of owner-user commercial real estate and equipment.


August 20, 2010

Tony DeCresie, Director of Commercial Lending for Florida Real Estates & Commercial Loans, Inc., and a nationwide affiliate of Commercial Capital, Ltd., commented on the new mortgage pooling program. "This is fantastic news for small businesses across the country. Even before the first sale, our bank underwriters were loosening up on the loan approval guidelines a bit in anticipation of being able to take on a significantly higher volume of SBA loans." Commercial Capital, Ltd. is a direct SBA 504 lender. In his position, Mr. DeCresie will also provide training to Commercial Mortgage Brokers and Loan Officers across the country on other SBA and government guaranteed lending products and services to strengthen their loan production nationally. Additionally, he will initiate education programs for Certified Public Accountants and commercial real estate brokers on the benefits of SBA financing to their small-business clients.
The 504 program is designed to lend money to businesses to purchase commercial real estate to house their companies. The small business owner down-payment requirement is 10 percent of the total purchase price. A bank lends 50 percent in first position and a certified development company lends 40 percent. The CDC loan is guaranteed by the SBA.
For more details on the SBA 504 and other available loan programs for small businesses, send inquires to loans@CommercialLendingPros.com or contact Mr. DeCresie directly.

Tony DeCresie

Commercial Capital, Ltd.

Your #1 Source for Business & Commercial Loans

Office: 863-298-8900 Fax: 863-877-4456 Cell: 813-833-3132

http://www.commerciallendingpros.com/

Obama Calls on Congress to Pass Small-Business Legislation

As reported By CNN, President Obama used an appearance at a small business in Washington to again call on Congress to pass small-business legislation that he says will help strengthen the American economy.

The Small Business Jobs and Credit Act is stalled in the Senate.

"It is so important to pass this jobs bill for America's small businesses. That's where most of our jobs are created. And small businesses have been especially hard-hit by the economy," said Obama, speaking at Gelberg Signs. 

 The bill would authorize the creation of a $30 billion lending fund. The Treasury Department would run the program, which would deliver ultra-cheap capital to community banks, defined as those with less than $10 billion in total assets.

Other key components of the bill would provide $12 billion worth of tax relief for small businesses between 2010 and 2020, according to a preliminary estimate from the Joint Committee on Taxation. The bill also would increase Small Business Administration loan limits and extend loan sweeteners through the end of the year.  Full Story

We are SBA loan experts and our underwriters are professionally trained to keep your interest a priority. They are experienced in working with borrowers of all sizes. Thus, they can fund loans anywhere in the country! We can get you the Commercial Loan you need!

Call US Today! 863-298-8900

Commercial Capital Ltd.

Tel: 863-298-8900

Fax: 863-877-4456

Email: loans@commerciallendingpros.com

Website: http://www.commerciallendingpros.com/

Your #1 Source For Commercial & Business Financing