The lender sets your interest rate, but the SBA ensures that there is a maximum interest rate they can charge. A base rate plus a small markup determines the rate. Usually, the base rate is the Wall Street Journal prime rate, but lenders could use any of these base rates: Prime Rate:T...
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has bee...
So, if you have been turned down by a bank that offers SBA loans, it does not mean that you are ineligible for SBA financing, it may just mean that the actual funding bank, didn't like your deal.? ?The SBA is not the lender, they are guaranteeing the loan for the funding bank in...