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The SBA and PRO
Thursday, November 10, 2016
SBA 7(a) Loan Rate Update
PRIME RATE= 3.50%
SBA LIBOR Base Rate November 2016 = 3.53%
SBA Fixed Base Rate November 2016 = 5.04%
Lenders can charge up to 2.75% over these indices.
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About Me
Jim Ely the sbapro
Jim Ely has been doing SBA loans since 1984 when he began working at Stultz Financial.
View my complete profile
Index to what's here
Current rates
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SBA loan basics for borrowers
(13)
SBA weekly lending update
(124)
self-storage
(7)
tip of the week
(240)
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jim@sbapro.com
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Loan Application
To apply for a SBA loan, you will need to provide:
1) Your personal financial statement
2) Your business and personal tax returns last three years
3)
A current balance sheet and income statement for your business
That's enough to let you know if you are pre-qualified for a SBA loan.
We are paid by the lender!
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