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SBA 504 Loan Interest Rates
June 2022
25-Year Fixed Rate Standard:
5.191%
25-Year Fixed Rate Refinance:
5.204%
20-Year Fixed Rate Standard:
5.132%
20-Year Fixed Rate Refinance:
5.146%
10-Year Fixed Rate Standard:
4.931%
10-Year Fixed Rate Refinance:
4.948%
Full-term fixed interest rates shown; includes all servicing fees
Nov 2021
Thanks to recent rule changes to the Small Business Administration (SBA) 504 Debt Refinancing Program combined with fixed interest rates still hovering at historic lows; long amortization terms; decreased 504 programs fees for FY 2022; the ability to refinance government guaranteed debt; and a cash-out option, now is the ideal time for small business owners to lighten their monthly debt payments by refinancing high interest commercial real estate loans through the SBA’s 504 Debt Refinancing Program.
Under the program available through Florida First Capital/First Capital Finance, small businesses can take advantage of below-market, fixed interest rate refinancing with repayment terms up to 25 years for up to 90% of the appraised value of commercial real estate property. Loans made under the 504 Debt Refinancing Program are 504 loans and are subject to all applicable SBA 504 Loan Program requirements.
Borrowers have the option to refinance with or without expansion.
504 Debt Refinancing WITH Expansion
504 Debt Refinancing WITHOUT Expansion
Refinance of Existing SBA 7(a) and 504 Loans
SBA 504 refinance projects with or without expansion may now include federally-guaranteed debt under the following conditions:
For information on qualification criteria, loan structure and down payment schedule, please visit our website here.
504 loans are paired with private-sector commercial loans and provide up to $5 million of aggregate SBA eligibility on standard 504 projects; up to $5.5 million per 504 energy efficient green project not exceed $16.5 million in the aggregate; and up to $5.5 million per eligible small manufacturing project with no limit on total SBA dollars available. These are SBA 2nd mortgage loan portions only; there is no limit on overall project dollar size.
For more information about SBA 504 refinance 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.