SBA Loan Fees Reduced!!!!!

Small business owners will find it a great time to borrow. This information came from one of my commercial lenders and summarizes the changes very well. If anyone is interested I can help in this process!

1. SBA 504 program fee waiver. Example of money that can be saved for a customer buying commercial real estate at the 10% down payment and long term fixed (presently 5.60%) program is 1.5% of the SBA's second mortgage loan amount. For example, a $500,000 SBA second mortgage loan would save the customer about $7,500 in closing costs. Further reducing the amount of cash needed to make the purchase.
2. SBA 7A program guaranty increase and guaranty fee waiver. Business acquisitions, startups, working capital loans or commercial real estate loans less than $1,666,666 can be eligible for a 90% SBA guaranty, increasing the attractiveness of the deal to the bank. The sliding scale fees for the guaranty fee are also waived. In a $500,000 loan amount example the normal $11,250 fee would be waived further saving the customer money in closing costs.

- Gust Sarris, Partner
Affinity Law Firm, P.L.

Spring Fling - Open House

Affinity Law Firm will be hosting an open house at our office, celebrating the expansion of our offices. We're rapidly growing, and this is an invitation to all current clients, former clients, or curious people to come visit with us. Enjoy appetizers and drinks with our Professionals and Staff!

When: Thursday, April 2nd, 2009 at 5:00 pm to 8:00 pm.
Where: 3947 Boulevard Center Drive, Suite 101, Jacksonville 32207.

We hope to see you there!

Obama's Bailout Seminar - Jacksonville FL - March 13th, 2009

The Affinity Law firm will be presenting an educational seminar on Obama's mortgage bailout plan on March 13th, 2009. From 2pm to 4pm and from 6pm to 8pm.

Topics included will be:

  • Obamas Mortgage Bailout
  • The Foreclosure Crisis
  • Alternative Options to Bankruptcy
  • Bankruptcy and Asset Protection
The seminar will be located at 7077 Bonneval Rd, Jacksonville, FL 32216.

The cost is $25.00 (spouse free) if you RSVP, and $30.00 at the door.

View Larger Map