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December 2009 Headlines |
December's 20-year fixed interest rate is 5.5 percent.
Legislation is moving through Congress to extend the payment of 504 CDC processing and other fees.
Win Big...Like Janelle Schneider
Janelle Schneider of Commerce Bank received a gift card for referring a loan to St. Louis County Economic Council. Learn how you could be next month's big winner.
Did You Know...
The SBA and NADCO are lobbying to extend certain fee eliminations.
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Monthly Rate and Benefits
 December's SBA 504 rate is 5.5 percent for a 20-year fixed term and 4.2 percent for a 10-year fixed term. Both are "all-in rates" and include fees.
The SBA 504 loan program is an ideal way to finance land or building acquisitions, renovations, construction, or equipment purchases. Finance up to 90 percent of the project's total cost and lock into a low 20-year fixed rate.
For example, a $500,000 investment in a new building will allow an owner to save $50,000
in equity (versus the typical $100,000 required under conventional financing) that can then be used for a number of business-related needs.
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