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SBA 7a Loans
SBA 7a Loans
Flow Chart
| Purchase Price: | $500,000 | - | | Down Payment: | $50,000 | 10% | | Loan Amount: | $450,000 | 90% | | SBA Guarantee: | 75% | - | | Guarantee Amount: | $337,500 | - | | Guarantee Fee: | 2.75% | - |
| Proposed Loan: | 1st TD only | | Loan Amount: | $450,000 | | Term: | 25 years | | Prime Index: | 4.250% | | Spread: | 2.750 | | Interest Rate: | 7.00% | | Monthly Payment: | $3,180 | | Prepayment Penalty: | 5,3,1 |
Footnotes:- No CDC involvement with SBA 7a loans
- Guarantee fee is on a scale of 2% to 3.5% subject to loan amount
- Borrower pays out of pocket for SBA guarantee fee and other related costs
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RETURN TO SBA LOANS from sba 7a loans flow chart
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