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CTCIC News:
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SBA 504 Loan 20 year fixed interest rate for loans funding in June '09 remained under 6% at 5.89%. See Recent SBA 504 Rates.
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Just in... On June 23, 2009 the SBA announced new refinancing opportunities through the SBA 504 Loan Program. SBA 504 Projects may now include refinancing of existing debt (up to 50% of the Total Project) used to finance the purchase of eligible real estate and/or equipment.
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Recovery Act provides fee waiver for new SBA 504 Loan applicants while funding is available. Act now to take advantage of the cost savings!
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SBA 504 Industry Study issued in 2008 quantifies what economic development professionals have assumed for years: the 504 Program has enormous economic impact at both the local and federal level.
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