Interesting, thanks. Prepayment penalty on a conventional of 5 years is a thing

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Sep 25, 2024
8:43:40am

BYUfan92 All-American

Interesting, thanks. Prepayment penalty on a conventional of 5 years is a thing

that I dont like. I'm curious if they'll bend or waive that to give me more flexibility.....

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BYUfan92

Previous username: BlueMan
Bio page: BYUfan92
Joined: Jul 17, 2002
Last login: Sep 25, 2024
Total posts: 35,697 (422 FO)

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Messages

Author

Time

You banker/finance type guys - is this legit?

BYUfan92

7:53am

SBA 7A cuts off at $15 MM Net Worth for the borrower. So, you probably are

7:58am

But really, the bank can make all the difference with an SBA loan.

7:59am

Probably right, poor for Cb! As far as SBA, not even in the 15 mill stratosphere

BYUfan92

8:04am

apply for a 7a loan from a bank that specializes in small business lending.

BYUinTX

7:59am

In your opinion is a 7A much better than a fixed conventional? Both were at 6%

BYUfan92

8:06am

You may still qualify for SBA loan but the bank likely found a buyer for your

Bushmaster

8:32am

Interesting, thanks. Prepayment penalty on a conventional of 5 years is a thing

BYUfan92

8:43am

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