Did You Know This About SBA Business Loans?

Meeting Gabi by exfordy, on Flickr
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Did you know that when you get an SBA business loan that SBA is not the lender of your loan? SBA does not provide loans but actually only guarantees a portion of your loan. SBA shares the risk with the commercial lender when you are not able to repay the loan in full. The commercial lender agrees to structure your loan according to SBA’s requirements. The commercial lender receives a guaranty from SBA on a portion of your loan. Currently the guaranty is 90% until the end of 2010 or until the funds run out (which ever comes first). In 2011 the guaranty will go back to 75%.
Wishing You the Best,
Karen Schimpf
Toll: 866-400-8630
Phone: 512-650-8630
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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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