SBA 504 Interest Rates are often below the Prime Interest Rate. The average Prime Rate (August 1955 – Present) is 9.80%. Today’s Prime Rate is 8.25%. Conversely, today’s 25-Year Fixed SBA 504 Interest Rate is 6.02%. While this is higher than the...
The U.S. Small Business Administration (SBA) issued a series of new procedural notices this week, including SBA Information Notice 5000-847027 publishing the new SOP 50-10-7, “Lender and Development Company Loan Programs.” SOP 50-10-7 will become effective August 1,...
Small businesses in underserved communities should be aware of an SBA loan program created specifically to help you grow and expand. The SBA 504 Loan Program, an economic development tool designed to help businesses in underserved communities, provides long-term,...
We’re here to give you 7 reasons why SBA 504 loans are vital for small businesses during fluctuating market conditions. The purpose of all SBA loan programs is to provide businesses like yours with access to funding under reasonable terms…but, did you...
Are you ready to grow your business? With the turn of a new year, it’s a great time to take action. And good news…the U.S. Small Business Administration (SBA) actually created the 504 Loan Program to offer business owners a more affordable and accessible way...
In this season of rising rates, it’s time to think 504. The October 2022 rates for SBA 504 Loans are higher than they were last month, a trend consistent with recent federal interest rate hikes. SBA 504 rates and the 10-Year Treasury have followed a...
