By the My MBA Career Content Team � Find Top MBA Degree Programs MBAs and entrepreneurs in one American state now have an opportunity to finance their next real estate deal at a historically low rate.
The 20-year fixed rate for commercial real estate loans offered by the Small Business Administration (SBA) in Florida recently fell below five percent. This has never happened before in this state and is one of the lowest rates the entire country has ever seen.
"Such a rate may never be seen again, and small business owners can now also save substantial sums on most program fees, which have largely been waived or eliminated under the American Recovery and Reinvestment Act," said Todd Kocourek, the CEO of the Florida First Capital Finance Corporation.
The SBA's loans are only for businessmen and women who are seeking real estate and other fixed assets.
If the world of small business has always fascinated you but you haven't become a part of it because you don't have the right education, consider enrolling in an MBA program today. An MBA degree might help you develop the business skills you need to succeed in today's evolving marketplace.