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What makes us different?

Wakarusa Valley Development, a non-profit organization, partners with the U.S. Small Business Administration to meet the financing needs of growing small businesses throughout the state of Kansas.

We provide small businesses long-term, fixed-rate financing to acquire real estate and equipment through the SBA 504 Loan Program. Additionally, with our SBA 7(a) Loan packaging services we can help small businesses gain access to capital and assist area lenders in building relationships by meeting their borrowers’ needs.

Whether you are a small business owner or a dedicated Kansas lender, we will provide the right SBA lending solution for you.

Our News

25 Year Debenture Now Available

SBA announced the availability of a 25 year maturity for 504 loans. This is in addition to the 10 and 20 year 504 loans that are currently available in the 504 Loan Program.

About the 25 year debenture:

- This new 25 year 504 Debenture is available for 504 projects that are approved on or after April 2, 2018

- The term of a 504 Debenture for any 504 project approved prior to April 2, 2018 may not exceed to 25 years

- The voluntary prepayment schedule will stay at 10 years for the 25 year loans, the same as for the 20 year loans

- The term of the Third Party Loan accompanying a 25 year 504 loan must be at least 10 years

- The fee structure is the same as for 20 year loans and debentures

- Rates for the 25 year debenture are determined at the time of funding and are anticipated to be set at a spread above the 20 year debenture rate. Actual rates will not be known until the debentures are presented for sale. SBA expects to offer this debenture funding monthly çankaya nakliyat

 odtülüler dershanesi

SBA Life Insurance Requirements

Although obtaining life insurance on the primary business owner may be a credit issue, generally SBA requires some type of life insurance coverage on all SBA loans.

Credit decision aspects include:
-  Is the repayment of the loan depended upon an owner's active participation in the business? If yes, life insurance is required
-  Are there other sources of repayment or adequate collateral available? If yes, life insurance coverage may be waived or coverage can be less than the loan balance
-  If the owner dies and there is not adequate life insurance coverage, and there is a loan deficiency, SBA may repair / deny payment of the guaranty

The lender must:
-  Obtain a collateral assignment identifying the lender as an assignee with the assignment acknowledged by the home office of the insurer
-  Assure the borrower pays premiums on the policy
-  Have a copy of the life insurance policy
-  Include insurance requirement and amounts in credit memo and keep in file

If a lender makes the decision not to require life insurance, the file must be documented with the decision outlining why the lender does not believe life insurance is necessary and / or how the lesser amount was determined.

Odtülüler Dershanesi Eryaman

Sanal Ofis

7(a) General Information

The SBA 7(a) loan program is the most basic and flexible SBA financing option for small businesses. Loan proceeds can be used for a number of uses including working capital, equipment purchases, and the refinance of eligible debt. The highlights of the program include but are not limited to the following:

-  Guaranty percentages are based on the loan amount. The SBA will guarantee up to 85% of a loan for $150,000.00 or less and up to 75% of a loan greater than $150,000.00

-  Interest rates are negotiated between the borrower and the lender but are subject to the SBA maximums, which are pegged by the Prime Rate.

-  Loan maturities are based on the ability to repay, the purpose of the loan proceeds, and the useful like of the assets financed.

-  To offset the costs of the SBA's loan programs to the taxpayer, the Agency charges lenders a guaranty fee and servicing fee for each loan approved and disbursed. The amount of the fee is based on the guaranty portion of the loan.

Wakarusa Valley Development will prepare and package 7(a) loan applications on behalf of your bank and customers and work directly with the SBA through the approval process. Once approved the participating lender will close, disperse and service the loan.

Put our experience and knowledge of the 7(a) program to work to help meet the needs of your customers while enhancing your lending opportunities!

 

504 Interest Rates

20 Year Rates

September 3.36%
August 3.53%
July 3.91%

10 Year Rates

September 3.56%
July 3.94%
May 4.37%

* Interest rates may vary.

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