So from a lending perspective, what is the immediate fallout from the election? Well…nothing really. Treasury bills bumped up slightly, raising SBA 504 loan 20 year fixed rate to 4.357%. Why did T-bills go up? Markets hate the unknown. Simple as that… I am quite sure rates will “normalize” in the coming months (not that they are abnormal now) and the 504 will become an even better deal. Business people will continue buying land and buildings. Lenders will continue hitting the pavement trying to make the loans that allow those business people to buy that land and build those buildings. It really does not matter if the D’s or the R’s won the election. As long as there is opportunity, commerce will continue. And Enterprise Development will be there to support it.