SBA WORKING CAPITAL LOANS

START-UPS     *     HOME-BASED     *     FRANCHISES     *     EXISTING

$20,000-$150,000

SBA Guaranty Fee
The SBA Guaranty fee is waived through September 30, 2017.
Effective October 1, 2017 the fee is waived on loans up to $125,000. The
2% Guaranty fee will be charged on the Guaranteed portion of the
amount over $125,000. ($425 on a $150,000 loan) 

 

                       Collateral:                            Payment Schedule:
             NO collateral for loans under $25,000
        Loans over $25,000 – best available lien on                 10 year fully amortized
                                 business assets
       Collateral Coverage not part of loan decision               No penalty for early pay-off

 

Low Interest Rates:
Variable/quarterly based on Wall Street Prime
$20,000 – $25,000 = Prime + 4.75% (9% as of 8/1/17)
$25,000 – $50,000 = Prime + 3.75% (8% as of 8/1/17)
$51,000 – $150,000 = Prime + 2.75% (7% as of 8/1/17)

 

             

 

FRED CRISPEN, SVP             TERRY CRISPEN, SVP

fcrispen@umwsb.com           tcrispen@umwsb.com

 

OFFICE:  844-531-9722