Business Lending News

  
  
June 2018
June 2018 Fixed Interest Rates

SBA 504 20-Yr Rate
5.314%Fixed
Owner-Occupied commercial real estate, equipment and machinery
SBA 504 10-Yr Rate
5.279% Fixed
Equipment and machinery
SBA 504 20-Yr REFi Rate
5.364% Fixed
Equipment and machinery, working capital, inventory, and tenant improvements
City Revolving Loan Fund Rate
 7.00% Fixed
 Equipment and machinery, working capital, inventory, and tenant improvements

In This Issue
Interest Rates
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June Rates are Stable
     

 

Rate information: All rates increased a little bit this month. 5.00% rates is the new normal. The 20-year fixed rate is now 5.314%; the Refinance rate is 5.364 and the 10-year rate remained to 5.279%.  Overall rates are still affordable. We should expect the Fed to raise rates again this summer due to inflation related to the expected increase in material costs because of the reconstruction due to Hurricanes and Fires. Additionally, the President's new tariffs will likely contribute to higher inflation in 2018. And there is pressure from the Labor Market for higher wages.
 
We currently have 16 loan approvals. Bank of the Sierra and Chase Bank are in the lead with 3 approvals, followed by 4 banks with 2 approvals each, Central Valley Community Bank, California Bank & Trust, Fresno First Bank and Fresno First Bank. Thank you to all our participating banks for your referrals.
 
New information the 504 Program may be adding a 25-year debenture: The first 25-year debenture sales will occur in July. Loan docs for the July sale are already in review. We do not know yet if there will a different rate charged for the 25-year term. More details to follow later this year.
 
Real estate inventories continue to be very low in all areas for commercial properties, especially for owner-users. Smaller functional properties are very scarce. The SBA 504 Real Estate Program continues to be a great way to finance the acquisition and/or construction commercial real estate for owner-users.  504 loans can be used to finance up to 90% of the cost of your real estate project.


 

 

 
 
 
 For additional information about our loan programs please contact Cal Cain at (559) 227-1158 


 Welcome our volunteer Intern, Andrew Fuller

   Cen Cal would like to welcome University of Arizona Volunteer Intern, Andrew Fuller. Andrew will be with Cen Cal for the summer. He is a Junior Business Marketing major at the University of Arizona. Andrew is a Valley native and he is the son of Tom and Nancy Fuller. We are proud to have Andrew with us for the summer.
Congratulations, Brittany!
Cen Cal Business Finance Recent Funded Projects

   Hotel

Southern California

Purchase and Construction

New 93 Room Hotel  

 

 

TOTAL PROJECT

FINANCING

$10,500,000


Cen Cal Business Finance Group - Participating Banks 
2012 - May 2018
Loan Approvals by Fiscal year - Participating Banks
Lender Name
 2012
 2013
 2014
 2015
 2016
 2017
 2018
Bank of America





1
Bank of the Sierra
1
2
 5
 4
 3
Bank of the West
 2
 1
3
 3

BBVA Compass
1
2
1
California Bank & Trust
1
2
1
 2
Central Valley Community Bank
 2
 1
 1
 1
4
 2
Citizens Business Bank


1


2
Community West Bank



1
 1
Fresno First Bank
 1
 1
  
 1

4

 3
 2
JPMorgan Chase Bank, NA
1

2
1
 3
Premier Valley Bank
 10
 4
 4
 7
 5
 1
 1
Umpqua





3
Security First Bank
1
 1



Suncrest Bank

1



Tri Counties Bank


2
 2

U.S. Bank N.A.
 1

1

1 

Union Bank, N.A
2
 1
1
2
United Security Bank 






Valley Business Bank
 1

1 
1
Wells Fargo Bank, N.A.


1
 1
 1
 1
Westamerica Bank
 1
 3
 3
 2
1
Zions First National Bank
 1





Founders Community Bank

 

1
Fiscal Year Totals
 21
 16
 11
 28

 26
 25
 16

Annual Leaders are in Bold


Buy Local
Cen Cal Business Finance Group
LOCAL experts helping  LOCAL   businesses change the LOCAL   economy.

Be sure to call us if we can assist you in any way.

 

Cal Cain
SVP/Senior Loan Officer
Cen Cal Business Finance Group
(559) 227-1158