SBA Team Samson

06/12/2024

SBA 504 Rate Update (June 2024)

The full-term effective fixed interest rate for SBA 504 loans closing in June 2024 is:
 
Purchase/Construction
25-Year: 6.35%
20-Year: 6.44%
10-Year: 6.89%

Refinance
25-Year: 6.38%
20-Year: 6.47%
10-Year: 6.93%

04/19/2023

Purchase Price: $750,000
42314 West 50th Street, Lancaster, CA 93536

Carlo Samson
Senior Loan Officer

📊Loan to Value: 80%
👥Jobs Created: 10
💰Purpose of Loan: Rent Replacement

04/08/2023

Our last workshop was a success, receiving numerous requests to hold another one, and we listened!

Our upcoming workshop on April 13, 2023, at K1Speed in Irvine, is already sold out, with demand rising!

Join our thriving community of business leaders, network with industry professionals, and learn from the experts on how to grow your business.

If you missed out this time, don't worry! We're already planning for another one. Stay tuned, follow us on social media, and be the first to know when the next workshop is scheduled.

To all who RSVP’d for this second workshop, we can't wait to see you there!

03/27/2023

Thank You for Attending the California Statewide Lending Workshop!!!

On behalf of the California Statewide CDC - Team Samson team, I would like to thank you for attending the California Statewide Lending Workshop. We hope you found the event informative, engaging, and valuable.

The workshop was a great success; we couldn't have done it without you. Your participation and insights contributed to the lively discussions, and we appreciated your active engagement during the event.

We hope you had the opportunity to connect with other brokers and bankers from the Inland Empire market and learn about the latest hot topics in SBA lending. We wanted to provide you with strategies and tools that will help you add more value to your clients seeking financing for their businesses, and we hope that you found the information helpful to you.

Once again, we thank you for taking the time to attend the event, and we look forward to staying in touch. If you have any questions or feedback, please do not hesitate to contact us.

California Statewide CDC - Team Samson

03/10/2023

📣SBA 504 Rate Update

The full-term effective fixed interest rate for SBA 504 loans closing in March 2023 is:

Purchase/Construction
25-Year: 6.33%
20-Year: 6.33%
10-Year: 6.77%

Refinance
25-Year: 6.35%
20-Year: 6.35%
10-Year: 6.79%

10-year debenture funded in March 2023 (closing and rate offered every other month).

03/03/2023

📢 Attention all Commercial Real Estate Brokers and Bankers! You're invited to California Statewide's upcoming workshop on SBA lending, happening on March 24, 2023, from 12-3pm at the K1 Speed in Ontario. 🏎️

This workshop is designed to provide you with the insights and tools you need to learn more about SBA financing. 💡 During the event, you'll hear from expert presenters on a variety of topics including:

✅ Introduction to California Statewide CDC
✅ Structuring sources and uses of proceeds
✅ SBA cash flow - Understanding SBA cashflow guidelines
✅ Q&A session. 🗣️

We want to make sure we cover the topics you're most interested in, so let us know in the comments below. 👇

But wait, there's more! 🤩 Not only will a complimentary luncheon with refreshments be provided, but there will also be two rounds of kart racing for all attendees. 🏎️🏎️

Underwriters will also be available on-site to pre-approve deals. That means you could walk away from this workshop with a pre-approved agreement. How awesome is that? 💯

Don't miss out on this must-attend SBA lending workshop hosted by California Statewide. Seats are limited, so DM us to RSVP! We can't wait to see you there. 🎉

02/15/2022

2021 was a big year for SBA Lending and we ran out of funds early last year. You’ll be surprised that 2022 is even bigger!

Each year SBA allocates 7.5 billion dollars for the SBA 504 program. 30 days before our year ended in September, the SBA ran out of funds. This fiscal year for 2022 has continued to be a big year and we’re seeing a big increase in volume already.

Year to date SBA is experiencing a 30 percent increase in number of deals and a 60 percent increase in dollar volume.

So if you have been considering buying a building/ the SBA offers up to 90% financing with long term fixed rates for 25 years and flexible guidelines to qualify. You can start taking advantage of tax benefits by owning your property.

Or If you're thinking about refinancing your existing commercial real estate loan you could take advantage of today’s low rates and cash out up to 20% of the property value. Think about using the funds for working capital, paying off debt, payroll and property improvements.

So now’s the time to take action before it's too late and funds run out again.

12/06/2021

12/06/2021