In other words, on average, for every 1 loans paid in full plus interest, 0 SBA loan was unable to be paid back, or defaulted. The loan success for this lender has proven quite profitability for all parties involved, having posted over a 10-year analysis, a 1:0. The debt financing option from this particular lender has an average Loan Term of 299 which helps small businesses and projects schedule their expenses and mitigate any expected potential risks they may incur. Most SBA Lenders have traditionally approved loans across a range of different industries such as Agriculture, Automotive, Business Services, Children Programs, Cleaning and Maintenance, Construction, Education Programs, Fitness Centers, Food & Beverages, Health & Beauty, Healthcare Services, Home Services, Information, Manufacturing, Mining, Pet Care, Public Administration, Real Estate, Retail Products & Services, Transportation & Warehousing, Travel & Hospitality, Utilities and/or Wholesale. While the interest rate for this lender may slightly vary, they prove as a valuable lender having had a minimum gross approval of at least $258,700 and the standard maximum for the SBA loan program capped as high as $4,920,000. Nonetheless, in reviewing most recent trends over the last three years, 2018 had an average interest rate at 681.82%, 2019 at 775.00% and in 2020 at an average loan interest rate of 585.00%. Over the last 10 years, from 2010 to 2020, interests' rates have averaged at 4.52%. Interest rates play a huge factor in the financing of your small loan. Additionally, the SBA Loan Success Ratio for loans issued by Harvest Small Business Finance, LLC, was of showing that Harvest Small Business Finance, LLC has approved 26 loans, and their average Gross Approval was of $2,350,881. Harvest Small Business Finance, LLC has been certified and an SBA Lender and was ranked as #277 amongst the Top 25 lenders according to Vetted Biz.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |