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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 2021
Two crucial small business indicators, self-employment and proprietors’ income, had historic declines in 2020. Both experienced very fast recoveries by early 2021. These indicators match the National Bureau of Economic Research’s conclusion that the 2-month contraction in 2020 was the shortest recession on record, according to the Small Business Administration (SBA) Office of Advocacy. Meanwhile, the impacts of the 2020 recession on small business financing and banks were muted compared to the Great Recession.
Here are the facts according to the SBA Office of Advocacy:
Source: SBA Office of Advocacy November Economic Bulletin.