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July 2009 Headlines |
Surdex Corporation purchased a new airplane hangar with a loan from the Business Finance Corporation.
Pat Schneider of Southwest Bank received a gift card for referring a loan to St. Louis County Economic Council. Learn how you could win big!
Did You Know...
Benchmark low rates and temporarily suspended fees can save your borrowers a significant amount of money. |
 Monthly Rate and Benefits
 July's SBA 504 rates are 5.2 percent for a 20-year fixed term and 4.4 percent for a 10-year fixed term, which are the lowest debenture rates in three years. Both are "all-in rates" and include fees.
In addition to competitive rates, the SBA 504 offers many benefits:
- Low fixed interest rates
- Long-term financing (10 or 20 years)
- Low down payment (10 to 20 percent)
- Ability to finance soft costs/contingencies
- Mitigation of credit risk
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Surdex Coporation Uses SBA for its New Hangar
 In June, the Business Finance Corporation of St. Louis County closed on a loan for Surdex Corporation to purchase a new hangar at Spirit of St. Louis Airport in Chesterfield, MO. The hangar provides additional space for the company's planes as well as office space. Surdex Corporation was founded in 1954 by Earl R. Hoffmann Sr. and has continued to operate under the same family based management and ownership for over 50 years. The company's operations include aerial photography, mapping and photogrammetric engineering services over the United States, Mexico and Canada. Approximately 75 percent of Surdex's revenue is related to federal, state and local contracts, with customers including the U.S. Department of Agriculture, The Boeing Company, U.S. Department of Defense, Bohannan Huston, the State of Missouri, and Collier County, Florida.
To learn more about the company and deal, click here.
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