During Difficult Times the SBA 7a and SBA 504 Programs Are Normally the Answer
Jan.23, 2010 in
Business Capital
Currently we are seeing decline rates at, literally 90%, from banks here in Michigan. Meaning that 90% of all commercial loan request that come in the banks doors are being turned down. 50% – 60% of these potential commercial mortgages probably make sense from a traditional underwriting perspective, but the banks are not willing to take the chance as loses continue to rack up and take their toll.
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