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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 2008
According to research released by the SBA, small firmsRepresent 99.7% of all employer firms.
The number of America's small businesses is growing, yet the businesses within that total are getting even smaller.
America's smallest small businesses -- non-employers or businesses without employees -- grew by 1.8% from 2005 to 2006, according to recently released data by the U.S. Census Bureau. These non-employers saw their average receipts grow by a nominal 0.2% from year to year, which was well below the 3.2% inflation rate for the year.
In 2005, there were 20.4 million non-employer firms. By 2006, a net 376,487 more firms had surfaced, resulting in 20.8 million non-employer firms. These non-employers produced $97 billion in receipts in 2006. That is $19.2 billion more than in 2005.
Non-employer firms represent two-thirds of America's small businesses. Often, these enterprises do not represent their owner's principal job. Frequently, a non-employer firm is a side venture to a full-time career, or a testing ground to learn about entrepreneurship.
Because non-employer firms make up such a large part of America's small businesses, it is important to watch and understand how the number of firms changes from year to year.
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.