SBA loans have more flexible
criteria than conventional loans offering easier qualification and lower down payments for new asset purchases, start - ups or expansion, even export.
Not exact matches
Note that the
criteria for qualifying for a
conventional loan is also different
than an FHA.
Your rate is calculated based on a variety of factors, including credit qualifications,
loan - to - value, line
loan amount and other
criteria, but generally may be higher
than a
conventional loan interest rates.
While hard money interest rates are higher
than conventional loans, the flexible lending
criteria and fast funding is worth the higher cost.
Rates are typically higher
than conventional financing, however funding times are usually much faster and the
loan criteria and repayment terms can be tailored to the individual situation.
As a result of this government backing, the qualification
criteria for borrowers are generally less strict
than with a «regular»
conventional home
loan.
Rates are typically higher
than conventional financing, however funding times are usually much faster and the
loan criteria and repayment terms can be tailored to the individual situation.