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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
Jan 2022
Q: What does the Small Business Administration (SBA) require in relation to financing a franchise with a 504 loan?
A: Effective Jan. 1, 2018, the SBA launched their Franchise Directory. In short, the directory lists franchisors who have submitted their agreements to the SBA for review and comment and indicates what needs to be collected in order to fund the SBA portion of the loan.
Is the franchise/brand listed on the SBA Franchise Directory?
If so, please note the following regarding the directory:
Brand: the name listed as “brand” on the registry should exactly match the name of the franchisor, or brand, on the franchise agreement.
Meets FTC Definition?
Is an Addendum Needed?
Notes: this section indicates other items or issues to be aware of related to the specific listing.
If not, how is the brand submitted for review?
The main take away is a change request (form 327) will always be needed on “franchise” loans in order to submit the executed agreement, and addendum – if applicable, to the SBA for their concurrence to close and fund.
For more information about SBA 504 loans in Alabama, Florida or Georgia, contact a Florida First Capital Loan Officer or email us at info@ffcfc.com. Phone: 850.681.3601 or toll-free at 888.320.5504.