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Sep 25, 2024
8:43
:40
am
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
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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
Gentleman Stan
7:58am
But really, the bank can make all the difference with an SBA loan.
Gentleman Stan
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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