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SBA 504 Loan Interest Rates
May 2022
25-Year Fixed Rate Standard:
5.119%
25-Year Fixed Rate Refinance:
5.133%
20-Year Fixed Rate Standard:
5.061%
20-Year Fixed Rate Refinance:
5.075%
10-Year Fixed Rate Standard:
4.931%
10-Year Fixed Rate Refinance:
4.948%
Full-term fixed interest rates shown; includes all servicing fees
Apr 2022
Policymakers at the state and federal levels are seeking ways they can further aid small businesses. Their challenge is to identify actions that can meet present difficulties, support future small business growth, and address pre-pandemic challenges that continue to hamper small business recovery, according to a recent Goldman Sachs report.
Goldman Sachs provides policy recommendations that can boost small businesses and offer Main Street the resources it needs to thrive. The most vital recommendation that Goldman Sachs provides is that Congress should reauthorize the Small Business Administration (SBA) for the first time in more than two decades.
Reauthorization would allow the SBA to modernize and adapt to the post-pandemic small business landscape. Small business owners report that Congress should prioritize specific programs through the reauthorization of the SBA:
They provide further recommendations on how to address other key issues impacting small businesses. To increase access to capital for small businesses, the report recommends that policymakers and the SBA:
Workforce problems have been a recurring issue for small businesses, and enacting the following recommendations could improve the retention of small business employees:
Potential solutions to advance small business participation in federal procurement and government contracting include:
Policymakers can help small businesses with the challenge of childcare by:
Streamline existing tax credits for small businesses to access and sponsor childcare.
Source: Goldman Sachs Report – Bipartisan Solutions to Support Today’s Small Businesses