3Wells Fargo is a lender that offers Small Business Administration (SBA) 7(a) and SBA 504 loans for United States-based small businesses. It provides long repayment and low down payment terms. In this article, we cover Wells Fargo (SBA Loans) reviews and pricing. Ready to get started? Visit its website.
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Wells Fargo (SBA Loans) Pricing
Wells Fargo pricing varies for the SBA 7a loans up to $6.5 million. It offers standard SBA loan rates of the prime rate + 2.25% to 2.75%. Other fees include the SBA-required guarantee fee and SBA-required insurance. Deposits are also required for different loan types and sizes.
|Loan Amounts||Up to $6.5 million|
|Terms||7 to 25 years|
|Average Time to Get Funded||30-60 days|
|Interest Rate||Fixed or variable (prime + 2.25% to 2.75%)|
|Closing Cost||$350 to $500|
|SBA Guarantee Fee||Waived for loans under $150,000|
3% for $150,001 to $750,000
3.5% for $750,001 to $5 million
3.75% for above $1 million
Ready to get started with Wells Fargo (SBA Loans)? Visit its website.
Top Wells Fargo (SBA Loans) Alternatives
SBA 7(a) loans over $500,000 from the top SBA lender
SBA loans from a traditional bank with extensive lending experience
SBA loan marketplace that can offer funding in as little as 30 days
Nationwide funding from an established traditional lender
Evaluating funding options with a free online lending marketplace
Summary of Wells Fargo (SBA Loans) Reviews
As of March 2019, there are no Wells Fargo (SBA Loans) reviews available online. If you are a past or current Wells Fargo (SBA Loans) customer, leave a review to help other business owners who are deciding whether or not to use the company.
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Wells Fargo (SBA Loans) Features
Check out the list below of some of Wells Fargo (SBA Loans)’s features:
- SBA 7(a) Loans
- SBA 504 Loans
- SBA Express Loans
Wells Fargo (SBA Loans) FAQs
For what purposes are SBA loans offered?
SBA loans are offered to cover different business projects. Possible uses include real estate, construction, business acquisition, expansion, equipment purchase, new business development, working capital, and more.
How can interested borrowers be eligible for Wells Fargo (SBA Loans)?
Interested Wells Fargo (SBA Loans) borrowers must be an existing and on-going for-profit business. They must also be more than $15 million in net worth and have greater than $5 million average net income for the past two years.