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SBA 504 Loan Interest Rates
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.
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.
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.
Next, we will need to discuss obtaining a first mortgage lender for your project. We work with more than 200 commercial lending partners.
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.
Purchase, construct, expand or renovate owner-occupied commercial real estate at up to 90% financing.
Acquire and install long-life fixed machinery and equipment at up to 90% financing.
Refinance commercial mortgage and other business debt up to 90% with or without a cash-out option.
Go green with your project and qualify for additional financing at up to 90%.
Interim phase second mortgage "bridge" financing for our 504 commercial lending partners.
A resiliency working capital loan fund to help Florida’s small businesses and its economy to grow and prosper.
Low cost loans to support industrial recycling throughout the state of Florida.
Connect with Network members to unlock vital capital resources to help meet your specific business financing needs.