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SFG vs. the Competition - SOHO Program
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Loan Amount Offered
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Packaging Fee
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Rate/Margin over Prime
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Loan Term in Years
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Monthly Payment Based on Prime Rate of 8.25%
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Guaranty Fee
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Guaranty Fee Paid By
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Additional Documents Required prior to funding
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SFG
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$5,000.00
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$450.00
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4.5
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10
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$74.00
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$85.00
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Lender
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no
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$7,500.00
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$450.00
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4.5
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10
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$111.00
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$127.50
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Borrower
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no
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$10,000.00
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$450.00
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4.5
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10
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$148.00
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$170.00
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Borrower
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no
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$12,500.00
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$450.00
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4.5
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10
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$185.00
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$212.50
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Borrower
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no
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Competitor A
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$5,000.00
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$475.00
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4.75
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7
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$91.00
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$85.00
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Lender
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no
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$10,000.00
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$475.00
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4.75
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7
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$182.00
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$170.00
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Borrower
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no
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$15,000.00
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$475.00
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4.75
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7
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$273.00
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$255.00
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Borrower
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no
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Competitor B
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$5,000.00
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$350.00
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4.75
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7
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$91.00
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$85.00
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Borrower
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yes
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$6,000.00
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$350.00
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4.75
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7
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$102.00
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Borrower
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yes
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$7,000.00
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$350.00
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4.75
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7
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$119.00
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Borrower
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yes
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$8,000.00
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$350.00
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4.75
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7
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$136.00
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Borrower
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yes
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$9,000.00
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$350.00
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4.75
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7
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$153.00
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Borrower
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yes
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$10,000.00
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$350.00
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4.75
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7
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$182.00
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$170.00
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Borrower
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yes
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$11,000.00
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$350.00
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4.75
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7
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$187.00
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Borrower
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yes
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$12,000.00
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$350.00
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4.75
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7
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$204.00
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Borrower
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yes
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