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SBA 504 Loan Interest Rates

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September 2024

25-Year Fixed Rate Standard:
5.765%

25-Year Fixed Rate Refinance:
5.794%

20-Year Fixed Rate Standard:
5.833%

20-Year Fixed Rate Refinance:
5.864%

10-Year Fixed Rate Standard:
5.875%

10-Year Fixed Rate Refinance:
5.912%

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.

Servicing the States of Alabama, Florida, and Georgia.

Get Started On Your Loan

No Other Certified Development Company Strives to Make the Entire 504 Loan Process As Helpful, Quick and Easy As Us.

The SBA 504 loan process is very straight forward today, thanks to streamlining at the SBA and to certified development companies like Florida First Capital. Many 504 loans can be done in 60 days, which is just as fast as a conventional loan. Pre-approval can occur within 24 to 48 hours, with commitments in days, not weeks.

Florida First Capital guides the borrower through the entire 504 loan process. Our professional staff and experienced loan officers prepare the loan documents and handle all of the details, including credit underwriting, approval, closing and servicing of the 504 loan for its life.

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Step 1: Start Your Application

Our loan experts will work with you to understand your small business’s financial needs and identify the loan program(s) that can help keep you doing what you do best – running your small business, creating jobs and supporting the economy.

Step 2: Discuss Mortgage Lender

Next, we will need to discuss obtaining a first mortgage lender for your project. We work with more than 200 commercial lending partners.

Step 3: Required Materials

You will need the following materials to complete the 504 loan application process:

  • Personal financial statement for all owners of 20% or more.
  • Completed FFCFC SBA 504 Loan Application Form for all owners, corporate officers
    and directors.
  • Last 2 years of personal tax returns for all owners of 20% or more.
  • Resume for all owners, key employees and corporate officers.
  • Last 2 years of corporate tax returns.
  • Current P&L, balance sheet and debt schedule for existing business (AR/AP if applicable).
  • Executed purchase agreement or letter of intent.
  • Construction bid and FF&E quotes from a third party, if applicable.
  • If any owners have affiliation in any other companies, provide the last 2 years of tax returns and current interim financial statements on those companies.
  • If the business is a new business or expanding, provide 2 years of projections.

No other Certified Development Company strives to make the entire loan process as helpful, quick and easy as us. You can count on our staff to deliver the most complete service the 504 industry has to offer.

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