Personal Financial Statement Guide
Personal Financial Statement Guide from Coffman CapitalThe Personal Financial Statement or PFS is probably the most important borrower information form. The SBA version is the 413 Personal Financial Statement, and is simpler than many bank PFS forms which combine...
Advice When Using Seller Financing
Advice When Using Seller Financing When you buy a business, and use any type – including SBA – of financing for the bulk of the sales proceeds, you may want to use seller financing for some of it, related to the business’ performance after the sale. This...
SBA Fixed Rate for 10 Years!
SBA Fixed Rate for 10 Years! This just in! Coffman Capital just obtained a lender term sheet (not yet a commitment) for an SBA 7(a) Business Acquisition Loan with a 10 Year Fixed Rate below 8%! This is because this particular lender (one of many we use), which...
Fed Cuts Interest Rates – Lowers SBA Loan Costs!
Fed Cuts Interest Rates – Lowers SBA Loan Costs! The Federal Reserve has recently lowered the Federal Reserve Rate by 0.5%! As a result, the Prime Rate is 8.0%, (formerly 8.5%) which follows the Federal Funds Rate (“Fed rate”) with an approximate 3% spread. ...
SBA Guaranty Fee Incentives Updated thru 9-30-2024
SBA Guaranty Fee Incentives Updated thru 9-30-2024! The U.S. Small Business Administration has reduced fees again for fiscal year October 1, 2023 through September 2024. >We apologize for not posting this update earlier! One of our lenders noted that...
Working Capital Loans from Coffman Capital
Working Capital for Your Businessto Expand or Start-Up!! Working Capital Loans from Coffman Capital Coffman Capital has provided financing for Professional Businesses throughout the U.S. since 1999! Working Capital Loansup to $150,000 are now available with...