Loan: What does this mean? - sba express loan
SBA Patriot Express loans feature low interest rates for business loans, generally 2.25 percent to 4.75 percent in the first depending on the size and maturity of the loan.
"Prime"?
Saturday, January 9, 2010
Sba Express Loan Loan: What Does This Mean?
2 comments:
Prime rate or prime rate is a term used in many countries with an interest rate benchmark, which is used by banks. Borrow the term originally indicated the rate at which banks preferred customers, those who have high credibility, although it is not always the case. Some variable interest rate can be taken as a percentage above or below the prime rate expression.
Premier is a discount rate. If the first is 1%, will be paid 5.75%.
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