SBA 504 vs. 7(a) Loans for Commercial Real Estate
Bill Ebersole explains the differences between the SBA 504 and 7(a) lending programs in regard to commercial real estate financing. The 504 Loan Program was designed specifically for real estate and equipment purchases. It offers a fixed interest rate for 20 years. While the 7(a) Loan Program usually has a variable interest rate, Bill offers insight as to why 7(a) loans are sometimes used for real estate financing.
Community CDC specializes in 504 fixed-rate loans in Texas and Louisiana, but...
From: Community Business Finance
Related topics : commercial loan interest rate / sba loan interest rates