Quick Reference to SBA Loan Guaranty Program
SBA 100% guaranteed debenture sold to investors at fixed rate secured by 2nd lien. CDC Loan: 10 -, 20 or 25 year term fixed interest rate. Lender Loan: Unguaranteed financing may have a shorter term. May be fixed or adjustable interest rate Fixed rate on SBA 504 Loan estab-lished when the debenture backing loan is sold. Declining prepay-ment ................
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