News
CHICAGO: SBA Loans Jumpstart Building Buys
December 13, 2013
Small business lending for owner-occupied real estate will flourish in 2014, SomerCor 504 VP Bill Kornit (snapped with his wife Brandi) says, thanks to near all-time-low rates and favorable legislation in the pipeline. The firm's SBA lending (90% financing) has been incredibly active, given today's 20-year, fixed-rate loans at about 5% interest and real estate's depressed pricing. Most often, it's companies that have been leasing their property and are now opting to buy.
