Women-owned businesses are making a big impact…and October is National Women’s Small Business Month, which means it’s time to not only celebrate and recognize the myriad achievements of our country’s female entrepreneurs, but also the positive impact they are...
The September 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 similar track historically. Therefore, given that the 10-year treasury...
New SBA 504 loan fees apply to loans approved October 1, 2022, through September 30, 2023, and include a lower upfront guaranty fee, but a slightly higher annual service fee. SBA 504 Loans The SBA 504 Loan Program is designed to help business owners be...
Most know that the #SBA504 program can finance equipment projects (typically 10-year debenture) and/or real estate projects (typically 20- or 25-year debentures). However, did you know that equipment can be included in a 20- or 25-year real estate project? When the...
Lower interest rates this month! Remember…key benefits of the SBA 504 Loan Program are: no rate adjustments, no increased loan payments, no surprises. Just a predictable payment schedule for the life of the commercial loan!
Don’t let an appraisal shortfall derail your deal! Newly implemented rules allow for up to a 10% shortfall in appraised value for SBA 504 Loans! NEW SBA APPRAISAL RULES On July 29, 2022, SBA released SBA_Proc_Notice_5000-835230 revising procedures relating to...
