SBA 504 Loan Interest Rates
Official monthly SBA 504 effective interest rate tables can be found at Eagle Compliance LLC. 25- and 20-year term loans fund every month; 10-year term loans fund every other month. Effective interest rates are inclusive of servicing fees, which are subject to credit risk of the applicant.
With a steady eye toward innovation and eco-friendly lighting alternatives, Impact Lighting of Orlando develops, produces and distributes cutting edge illumination products and applications that utilize fiber optics and the emerging potential of light emitting diodes (LEDs).
Impact Lighting was founded in 1997 and has since become known as one of the most unique LED and fiber optic manufacturing companies in the world. Its team of inventors, engineers, installers and resource specialists provide revolutionary products for a wide range of applications, including entertainment, signage, pools and spas, landscapes, homes and businesses.
The company's clientele includes architects, home builders, real estate developers and commercial retail business owners. Some of Impact Lighting's more notable projects include the fiber optic Coca-Cola bottle in New York's Time Square, the SpectroMagic Parade for Walt Disney World in Orlando and a 250-room illuminated star ceilings project for a children's hospital in California. It has also done many custom projects, such as installing fiber optics and LED components into carpets, clothing and other exotic materials.
So when Impact Lighting recently sought to expand its operations through the purchase of land and construction of a new building, it sought an innovative financing program and turned to Florida First capital and its 504 program.
“The 504 program provided Impact Lighting with very attractive terms over traditional financing, such as the low down payment which allowed them to keep more cash on hand for working capital needs,” said Angie Graves, a senior vice president at Florida First Capital. “A definite plus was their locking into the lowest effective interest rate thus far in the history of the 504 program at 4.62% for 20 years,” she exclaimed.
Visit Impact Lighting at http://www.impactlightinginc.com/about.php.
For more information about 504 loans in Florida, contact Florida First Capital by visiting www.ffcfc.com, emailing us at insider@ffcfc.com or calling 888.320.5504.
