Business Lending News
February 2017
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Feburary 2017 Fixed Interest Rates |
SBA 504 20-Yr Rate
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4.60% Fixed
| Owner-Occupied commercial real estate, equipment and machinery |
SBA 504 10-Yr Rate
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4.59% Fixed
| Equipment and machinery | SBA 504 20-Yr REFi Rate
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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
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What do we give thanks for?
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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
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Congratulations, Brittany!
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Congratulations, Brittany!
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MEDICAL/DENTAL OFFICE
NORTH FRESNO
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PURCHASE & IMPROVEMENTS
OFFICE BUILDING
TOTAL PROJECT
FINANCING
$950,000
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LIGHT INDUSTRIAL SHOP
NORTHWEST FRESNO
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PURCHASE OFFICE/WEREHOUSE
SERVICE BUSINESS
TOTAL PROJECT
FINANCING
$360,000
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DAYCARE BUSINESS
FRESNO
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PURCHASE OF A
DAYCARE BUILDING
TOTAL PROJECT
FINANCING
$1,325,000
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Loan Approvals by Fiscal year - Participation Banks
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Lender Name
| 2012
| 2013
| 2014
| 2015
| 2016
| 2017
| Bank of America
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| Bank of the Sierra
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| 1
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| 2
| 5
| 2
| Bank of the West
| 2
| 1
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| 3
| 3
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| BBVA Compass
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| 1
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| 2
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| California Bank & Trust
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| 1
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| 2
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| Central Valley Community Bank
| 2
| 1
| 1
| 1
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| Citizens Business Bank
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| 1
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| Community West Bank
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| 1
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| Fresno First Bank
| 1
| 1
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| 1
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4
| 2
| JPMorgan Chase Bank, NA
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| 1
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| 2
| 1
| Premier Valley Bank
| 10
| 4
| 4
| 7
| 5
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| Rabo Bank
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| 1
| 2
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| Security First Bank
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| 1
| 1
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| Suncrest Bank
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| 1
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| Tri Counties Bank
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| 2
| 2
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| U.S. Bank N.A.
| 1
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| 1
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1
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| Union Bank, N.A
| 2
| 1
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| 1
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| 2
| United Security Bank
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| Valley Business Bank
| 1
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1
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| Wells Fargo Bank, N.A.
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| 1
| 1
| 1
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| Westamerica Bank
| 1
| 3
| 3
| 2
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| 1
| Zions First National Bank
| 1
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| Fiscal Year Totals
| 21
| 16
| 11 | 28
| 26
| 8
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Annual Leaders are in Bold
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Buy Local |
Cen Cal Business Finance Group
LOCAL experts helping LOCAL businesses change the LOCAL economy.
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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
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