Business Lending News

  
  
February 2017
Feburary 2017 Fixed Interest Rates

SBA 504 20-Yr Rate
4.60% Fixed
Owner-Occupied commercial real estate, equipment and machinery
SBA 504 10-Yr Rate
4.59% Fixed
Equipment and machinery
SBA 504 20-Yr REFi Rate
4.65% Fixed
Equipment and machinery, working capital, inventory, and tenant improvements
City Revolving Loan Fund Rate
6.25% Fixed
Equipment and machinery, working capital, inventory, and tenant improvements

In This Issue
Interest Rates
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What do we give thanks for?
     
 
Happy New Year!

Rates have stayed below 5.00% for over 2 years. February rates remained flat with a minimal increase of 1 bpt. The 20-year fixed rate is at 4.60%. The 10-year rate remained at 4.59%.  SBA 504 Rates have been below 5.0% for 31 months in a row. Although rates were flat this month; we should expect to see at least modest rate increases in the near future.
 
We had 5 SBA approvals last month.  Bank of the Sierra and Union Bank each had 2 approvals and WestAmerica Bank had 1 approval. We now have a tie for first place with Fresno First Bank, Bank of the Sierra and Union Bank each having 2 approvals this year. We have a number of deals headed to the SBA this month, so we should continue to see improvement in the coming months. Thank you to all of our participating banks for your referrals.
504 REFINANCE: We are still looking for our first 504 refinance loan. If you would like a copy of our Power Point presentation, please contact Frank Gallegos so we can send it to you.
Nationally, President Trump nominated Linda McMahon (of WWE Wrestling Fame) as the new SBA Administrator. Ms. McMahon was confirmed by Congress this week, and she will get to work very soon.
 
The SBA 504 Real Estate Advantage continues to be a great way to finance the acquisition and/or construction commercial real estate for owner-users.  504 loans can be used to finance up to 90% of the cost of your real estate project.


 
 


 

 
 For additional information about our loan programs please contact Cal Cain at (559) 227-1158 

Congratulations, Brittany!
Congratulations, Brittany!
Cen Cal Business Finance Recent Funded Projects

   MEDICAL/DENTAL OFFICE

NORTH FRESNO

 

 

 

PURCHASE & IMPROVEMENTS

OFFICE BUILDING

 

 

TOTAL PROJECT

FINANCING

$950,000



  LIGHT INDUSTRIAL SHOP

NORTHWEST FRESNO

 

 

 

PURCHASE OFFICE/WEREHOUSE

SERVICE BUSINESS

 

 

TOTAL PROJECT

FINANCING

$360,000



   DAYCARE BUSINESS

FRESNO

 

 

 

PURCHASE OF A

DAYCARE BUILDING 

 

 

TOTAL PROJECT

FINANCING

$1,325,000



Cen Cal Business Finance Group - Participating Banks 
2012 - January 2017
Loan Approvals by Fiscal year - Participation Banks
Lender Name
2012
2013
2014
2015
2016
2017
Bank of America






Bank of the Sierra

1

2
5
2
Bank of the West
2
1

3
3

BBVA Compass

1

2


California Bank & Trust

1

2


Central Valley Community Bank
2
1
1
1


Citizens Business Bank



1


Community West Bank




1

Fresno First Bank
1
1
 
1

4

2
JPMorgan Chase Bank, NA

1



2
1
Premier Valley Bank
10
4
4
7
5

Rabo Bank 



1
2

Security First Bank

1
1



Suncrest Bank


1



Tri Counties Bank



2
2

U.S. Bank N.A.
1


1


Union Bank, N.A
2
1

1

2
United Security Bank 






Valley Business Bank
1




Wells Fargo Bank, N.A.


1
1
1

Westamerica Bank
1
3
3
2

1
Zions First National Bank
1





Fiscal Year Totals
21
16
1128
26
8

Annual Leaders are in Bold


Buy Local
Cen Cal Business Finance Group
LOCAL experts helping LOCAL businesses change the LOCAL economy.

Be sure to call us if we can assist you in any way.

 

Cal Cain
SVP/Senior Loan Officer
Cen Cal Business Finance Group
(559) 227-1158