Act Fast to Take Advantage of the SBA Business Loans!

CO: Small business owners Diana and Gil by aflcio, on Flickr
Creative Commons Attribution 2.0 Generic License  by  aflcio 
If you are thinking of purchasing a business or an owner occupied commercial building, you better act fast in order to take advantage of the SBA Business Loans. Some parts of the Small Business Jobs Bill are temporary and will be expiring on December 31, 2010. What parts of the bill is temporary? The temporary part of the bill is the Fee Waiver and the 90% Guarantee. The average fee on an SBA loan is 3% of the total loan amount. Also, the guarantee on SBA 7a loans is normally 75% of the loan balance. It has now been raised to 90%. So, you better act fast, this part of the bill not only is subject to ending on December 31, 2010 but it is also subject to available funding.

Wishing you the best,

Karen Schimpf
Phone: 512-650-8630
Toll: 866-400-8630
Web Site:

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Author: admin

Here’s A Little Bit About Me. 20+ years in the finance industry, I rose to the level of Assistant V.P. with Chase Manhattan. While working for Chase, I decided that I wanted to have residual income without having to quit my job. I bought my first apartment building in 1996, three days before my wedding.

In 2001, I decided I would leave the corporate world and work for myself in a net branch environment.

My passions are helping people get commercial mortgage loans. I also am passionate about investing, working out and being with my family and friends.

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