SBA backed loans

I was reading more about sba backed loans and according to their website, those loans are 8.5% plus 6 points for the amount im considering. 14.5% on a 150k isn’t exactly cheap. Is that where other lenders are at, 14.5% or so?

 

WOW. I didn't know you felt that way. That changes everything. It’s official, you’ve changed my mind

 

If you’re talking to me, we’ve had this conversation a time or two. My original question is are loans rates around the same as if using a sba lender? She’s already said pay off the mortgage or the truck before you come home because you ain’t coming in otherwise

 

Right. To my point, those rates are high considering I would be putting up my home as collateral. It would be a different story if it was just the equipment but you want 14+% and my home to use you? I don’t think so.

 

That’s very true. I guess what I am suggesting is SBA process is kind of archaic? Anyways.