Metzhead@alien.topBtoSmall Business•Business loan options? I’m drowning with the interestEnglish
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1 year ago11% isn’t that high on a 10 year 7a SBA loan. With out fully screening the deal, I can say you probably don’t have a lot of options. Hopefully you put the cash to good use developing new revenue streams. You can always ask the three f’s for some help: friends, family, and fools
It depends on the bank offering the loan. Online and FinTech lenders such as LiveOak sell off their debt, so they need an adjustable rate. Brick and mortar banks can still offer a fixed rate, or fixed for five years, then floating option.