If I got a loan (Not SBA) and pay 9.5% interest in Texas, can I refinance with SBA for lower interes
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Am I able to refinance through a SBA lender and save with significantly lower interest rate for my small business?
If I got a loan (Not SBA) and pay 9.5% interest in Texas, can I refinance with SBA for lower interest?Probably not. SBA is considered High Risk. If it's 9.5 and a business loan you didn't do too bad. Depends on your credit and who your business is set up, too. DBA? Corp? Corps pay more interest. Harder to collect if you default.
If I got a loan (Not SBA) and pay 9.5% interest in Texas, can I refinance with SBA for lower interest?9.5% interest rate for a small business loan isn't a huge rate now a days. But you can always go to Business Loans Express on the internet and find out for sure.
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