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.
Effective March 1, 2009, the Small Business Administration (SBA) put in place its first update to SOP 50 10(5) - now known as 50 10 5(A) - for lender and certified development company (CDC) loan programs, including the 504 program. Future updates are expected every six months going forward.
Please note that the SBA is posting the revised SOP in two versions. The first version will show all changes as “tracked changes” to enable users to more easily identify what has been modified. (As a note, the Table of Contents has been updated but, for ease of viewing, those changes are not shown.) The second version incorporates all of the changes into the document.
List of Significant Changes Due to SBA Additions to SOP 50 10 5 (A):
For more information on Florida First Capital and its 504 loan program, visit www.ffcfc.com, email us at insider@ffcfc.com or call 888.320.5504.
