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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.
Dec 2011
Banks have been watching their loan-to-value ratios rise as commercial real estate appraisals continued to decline, often outside of the bank's internal and regulatory guidelines.
Thanks to major recent changes simplifying the Small Business Administration's (SBA) 504 debt refinancing program, banks have a unique opportunity to bring their owner-occupied commercial real estate portfolios back into regulatory compliance and reduce their overall commercial real estate portfolio concentrations.
Experience counts and Florida First Capital has led the way among certified development companies in Florida to structure, process and obtain SBA authorizations for 504 debt refinancing loans since the program's inception. You can count on us to get your deals done quickly and efficiently.
Refinancing program benefits to banks include:
The basics of the 504 debt refinancing program are simple:
To be eligible, the small business must be a for-profit company with a tangible net worth of less than $15 million and average net income after Federal income taxes (excluding carry-over losses) for the two full fiscal years prior to application cannot exceed $5 million.
This is temporary program that ends Sept. 27, 2012, so banks and small businesses need to act fast to take advantage of this great refinancing option.
For more details, go here: SBA 504 Debt Refinancing Program.
For more information about SBA 504 loans in Florida, contact Florida First Capital by visiting www.ffcfc.com, emailing at info@ffcfc.com or calling 888.320.5504.