News

SBA Long Term Fixed Rate Decline

SBA Long Term Fixed Rate Decline

With the recent decline in the 10 Year Treasury Rates, the SBA 504 Rate is now below prime rate. Other positive news – GTCC has been designated as an Accredited Lender and can participate in the new SBA Small Loan Program. The expedited approval process program is for...

SBA 504 Small Loan Program

SBA 504 Small Loan Program

The SBA recently introduced a new Small Loan Program. This is an expedited approval process program that only certain CDC’s with Accredited Lender Program (ALP) designation can participate in and GTCC has the ALP designation! Expedited approval is for loans with a...

Debt Refinance Cash-Out Option

Debt Refinance Cash-Out Option

GTCC recently assisted a manufacturer with refinancing their building debt while allowing the borrower to pull cash-out for working capital purposes. This provided the business with predictability of future payments and eliminated an upcoming balloon maturity and rate...