The SBA and faux

faux

foh

Artificial; fake; false.

From French faux (false), from Old French fals, from Latin falsus (false), past participle of fallere (to deceive).

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TIP OF THE WEEK 
The premium on the sale of the guaranteed portion of a fully priced SBA 7(a) loan just went over 125.75%.  

There now is no excuse for a lender to not do a SBA loan.

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Indices:

PRIME RATE= 0.00%

SBA LIBOR Base Rate April 2013 = 0.00%

SBA Fixed Base Rate April 2013 = 0.00%
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Debenture Rate for April  

The debenture rate is 0.00% but note rate is 0.00% and effective yield is only 0.00%.

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AHEAD OF THE YIELD CURVE 

The United States Treasury just announced the auction of a $1 trillion offering of a new 100 year bond at a 0.00% interest rate.

The bond offering quickly sold out as investors were more concerned with preservation of principal backed by the full faith and credit of the United States government.

With the issuance of this radical new treasury instrument, the federal government’s annual debt service of $359,796,008,919.49 has been eliminated and the debate over deficit spending has ceased.

Congress will now be able to focus on more important issues such as why there is no federal holiday between Washington’s Birthday and Memorial Day.

What does this mean?

I don’t know.

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OFF BASE

As you may have guessed by now, it is April Fool’s Day.

SBA loans, however, are the way to go.  And that’s no fooling.