How much do you need for your commercial real estate loan?
Fees are included in the APR. There is a one-time referral fee of no more than 0.5% of the loan amount and a one-time packaging fee of no more than 0.5% of the loan amount. There is also a guarantee fee paid to the SBA of between 2.25% and 2.76%, depending on the loan amount. After the 3rd year, there are no pre-payment penalties for the remaining life of the loan. There is a 5% prepayment penalty if the loan is paid off in first year; 3% in second year; and 1% if paid off in third year.
APR WITH FEES
INTEREST RATE *
* Loans have a variable rate of Prime Rate plus 1.50% to 2.75%.