February 2020
Commercial Lending
Rates Drop! February 2020 SBA 504 Loan Interest Rate Report

The February effective fixed interest rates for Small Business Administration (SBA) 504 loans that funded this month dropped 25 basis points over last month, marking 9 successive months with rates under 4% and the 2nd lowest debenture rates recorded of all-time! Read More

Personal Resource Test Being Reinstated for SBA 504 Loan Program

The Small Business Administration (SBA) recently published an Interim Final Rule which amends various regulations governing the 504 Loan Program, including the Personal Resources Test being reinstated as part of No Credit Elsewhere. Read More

Administration Proposes 25% Cut for the SBA – Congress Disagrees

The Small Business Administration (SBA) has proposed several changes to its major lending programs.  The White House recently released the Budget of the United States Government for Fiscal Year 2021. The budget requests $739 million in budget authority for Small Business Administration loan programs in the new fiscal year, a $243 million (25%) decrease from the 2020 enacted level. Read More

Ask The Experts
SBA 504 Q&A: Prepaying a 504 Loan

Q: Can a Small Business Administration (SBA) 504 loan be prepaid in part or in whole? Read More

Borrower Profile
SBA 504 Loan Program Serves Up a Second Project for Chef Lo

Sourikone ”Chef Lo” Soukhavong is a successful hospitality chef with many years of experience, including working as a culinary instructor for the Radisson Hotel and Chef de Cuisine for Gaylord Palms Florida. In 2018, Chef Lo obtained a Small Business Administration 504 loan to renovate the historic Dr. Phillips House in Orlando and launch Millenia Event Catering, an eclectic catering and private chef company serving all of central Florida. Read More