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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.
Sep 2008
With the Small Business Administration's (SBA) revised SOP 50 10(5) now in place, it is important for lenders to familiarize themselves with its changes and how it impacts the 504 program.
The revised rules apply to all new applications on or after Aug. 1, 2008, as well as to all loans approved prior to this date that do not have an SBA authorization number.
While not all inclusive, the following are highlights of some of the more important changes affecting 504 lending.
Borrowers and lenders can trust FFCFC to guide them through the new SOP and offer the best service and 504 loan expertise in Florida.
For more information on FFCFC and its 504 loan program, visit www.ffcfc.com, email us at insider@ffcfc.com or call 888.320.5504.