California Is Great For MBAs

By the My MBA Career Content Team � Find Top MBA Degree Programs

MBAs and entrepreneurs might be interested to know that a development company on the West Coast has announced the interest rate on small business loans has fallen.

TMC development provides Small Business Administration (SBA) 504 loans and recently said that the interest rate on such credit is now down at 5.06 percent, the lowest it has ever been.

"A major benefit of the SBA 504 loan program is that 504 rates are always below market and fixed for 20 years," said Barbara Morrison, CEO of TMC Development. "Under the 504 program, borrowers can access long-term fixed rate financing and purchase a building with only 10 percent down - making it a great way for businesses to buy a commercial property."

Eleven businesses have already received financing from TMC. SBA 504 rates react to the Treasury's, whose 10-year percentage fell this month. Apparently 2009 has been the year of bottom rates, as April, July and now September have seen record-setting lows.

If you've always wanted to go into business for yourself but have never known what it takes, an MBA program might be worth exploring. An MBA degree will equip you with the know-how you need to identify favorable interest rates and a whole lot more.

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