News
SBA SMALL DEFINITION JUST GOT BIGGER
The SBA recently updated its standards of classification for small loans, demonstrating once again that most all companies are classified as “small”. Tangible Net Worth can’t exceed $20million (up $5million from $15million) and Average Net Income after taxes for two...
ANOTHER MONTH OF DECLINING RATES
January was the fourth consecutive month of declining rates for the SBA 504 Loan Program, the best financing solution for owner-occupied real estate when purchasing or refinancing. Minimize your credit risk and provide your client up to 40% fixed rate financing on the...
December Falling Interest Rates and Happy Holidays
Everyone at GTCC wants to wish you and your family health, happiness and prosperity in the coming year. We look forward to assisting you with the SBA 504 Loan Program by providing the best long-term fixed rates for owner-occupied real estate and equipment.