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Business Lending News
April 2017
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| April 2017 Fixed Interest Rates |
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SBA 504 20-Yr Rate
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4.62% Fixed
| Owner-Occupied commercial real estate, equipment and machinery | |
SBA 504 10-Yr Rate
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4.80% Fixed
| Equipment and machinery | SBA 504 20-Yr REFi Rate
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4.67% 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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| Rates slide a bit in April | |
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Rates moved DOWN by 20 basis points. Rates have stayed below 5.00% for over 2 years. The 20-year fixed rate decreased 20 basis points to 4.63%. The 10-year rate remained unchanged at 4.80%. SBA 504 Rates have been below 5.0% for 33 months in a row. Even though rates went down this month, we should expect to see more modest rate increases in the near future.
We had 3 SBA approvals last month. Umpqua Bank had 2 approvals and Central Valley Community Bank had their first approval of the year. We now have a four (4) way tie first place with Fresno First Bank, Bank of the Sierra, Union Bank and Umpqua each having 2 approvals this year. We also funded 5 loans last month for just over $4.8 million. We should continue to see improvement in the coming months. Thank you to all of our participating banks for your referrals.
504 REFINANCE: We internally approved our first 504 Refinance recently and the loan will be headed to the SBA very soon. Please note that in most cases re-finance projects still require job re-creations Real estate inventories remain very low in all areas for commercial properties, especially for owner-users. 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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Cen Cal is proud to announce that BORGA STEEL BUILDINGS & COMPONENTS is our 2016 Business of the Year. In cooperation with Chase Bank and Cen Cal Finance Group, BORGA Steel Buildings & Components purchased their building in Fowler, CA to house their corporate offices and expand their operations. Borga plans to create 18 new jobs in the Central Valley with this expansion project.
Borga Steel Buildings & Components is a 3 year old manufacturing business that is owned and operated by Mr. Ron Heskett. The business currently has over 40 employees and it is seeing a surge in business. They continue to grow their components division and have started a solar structure division which manufactures the steel housing components for solar equipment.
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Our Fresno State Intern, Chase Duran, was one of a couple of Fresno State Business Students picked to travel to New York City to present their investment portfolio to a handful of Wall Street Firms. Chase is a senior Finance major at Fresno State.
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Cen Cal Business Finance Group would like to recognize our teammate Terri Saldivar on her 5-Year Anniversary with our company. We appreciate Terri's hard work and commitment to our mission.
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New Hotel
Fresno, CA
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Purchase & Construction
Light industrial Bldg.
TOTAL PROJECT
FINANCING
$8,100,000
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Retail
Clovis, CA
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Purchase
Retail Building
TOTAL PROJECT
FINANCING
$605,000
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Day Care
Fresno County
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Purchase
Day Care Facility
TOTAL PROJECT
FINANCING
$1,372,000
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Cold Storage
Fresno County
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Purchase & Construction
Cold Storage
TOTAL PROJECT
FINANCING
$1,217,500
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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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| 1
| 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
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2
| Premier Valley Bank
| 10
| 4
| 4
| 7
| 5
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| Umpqua
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| 2
| 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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| 1
| 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
| 13
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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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