We are working on paperwork for an SBA loan – I was looking at the rates and was hoping you could let me know if we were looking at a resonable rate.
75,000 – 10 year
Adjustable rate : prime 4.25% plus a margin of %2.75%
fees 2% for SBA/Independence Bank & 3.75% for sbaloan program
I just want to make sure we are not shooting ourselves in the foot.
THANKs much for your time