Tag Archives: loans for veterans

Veteran | Jim Ely

Veteran

vet-er-uh n, ve-truh n

a person who has had long service or experience in an occupation, office, or the like:

-a person who has served in a military force, especially one who has fought in a war:

-a Vietnam veteran.

-experienced through long service or practice; having served for a long period:

of, pertaining to, or characteristic of veterans.

From Latin veterānus mature, experienced, equivalent to veter- (stem of vetus) old

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TIP OF THE WEEK

U.S. military veterans can now save up to $69,062.50 on the SBA 7(a) loan guarantee fee.

SBA Policy Notice 5000-1319 declares that the SBA guarantee fee on SBA 7(a) loans is now reduced by 50% for small businesses that are 51% or more owned and controlled by a veteran.

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Indices:

PRIME RATE= 3.25%

SBA LIBOR Base Rate November 2014 = 3.16%

SBA Fixed Base Rate November 2014 = 5.28%

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SBA 504 Loan Debenture Rate for October

The debenture rate is only 2.740% but note rate is 2.787% and the effective yield is 4.15%.

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AHEAD OF THE YIELD CURVE

Veteran interest rate observers have noticed a flattening of the yield curve.

The slope of the yield curve—the difference between the yields on short- and long-term maturity bonds—has achieved some notoriety as a simple forecaster of economic growth. The rule of thumb is that an inverted yield curve (short rates above long rates) indicates a recession in about a year.  More generally, a flat curve indicates weak growth and conversely, a steep curve indicates strong growth.

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