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March 2010 Headlines |
March's 20-year fixed interest rate is 5.4 percent. Learn how the program's lower equity injection keeps cash available to borrowers for their other expansion projects.
SBA Information Notice
The Temporary Extension Act of 2010 states that additional funding for fee relief and higher guaranty loans has been extended on a limited basis.
Win Big
You could win attractive gift cards for area stores, restaurants and even hotels. You could be next month's big winner!
Did You Know...
We have a new way for you to stay up to date with St. Louis County Economic Council's SBA rates and information.
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Monthly Rate and Benefits
March's SBA 504 rate has dropped slightly to 5.4 percent for a 20-year fixed term and 4.4 percent for a 10-year fixed term. Both are "all-in rates" and include fees.
One fo the SBA 504's many benefits is its low equity injection, which keeps cash available to support businesses' continued expansion. For example, a $500,000 investment in a new building allows the owner to save $50,000 in equity (versus the typical $100,000 required under conventional financing). Borrowers appreciate saving the money to invest in a number of other business-related needs.
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