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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.
Oct 2010
Small Business Administration (SBA) loan programs are getting a lot of attention these days and the 504 is no exception. Between record setting low interest rates and several significant changes under the recently enacted Small Business Jobs and Credit Act of 2010 (H.R. 5297), the 504 program is stronger and more capable than ever to serve the commercial financing needs of small business owners.
Overall, the Jobs Act will support an estimated $14 billion in small business lending with only $505 million in taxpayer funds, according to the SBA. The law extends the successful SBA-enhanced loan provisions while offering billions more in lending support and tax breaks for entrepreneurs and small business owners.
Following is an overview of the changes, including improvements to the 504 program.
Source: SBA. If you would like more detailed information on the Small Business Jobs Act, visit www.sba.gov/jobsact.
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.