Your Monthly Update on Rates and Industry News

March 2010

Financial Markets Begin to Thaw

So far, 2011 has seen an upturn in the SBA 504 loan program, providing momentum to a thawing financial market. In addition to crafting a landmark refinance provision, the SBA 504 has seen a 20 percent increase in the value of loans approved according to the National Association of Development Companies (NADCO).

Programs like the SBA 504 are bridging the gap between needed equity and bank financing, making growth and expansion a reality for small businesses. And with the extension of the SBA 504 to include refinances, borrowers can take advantage of long-term fixed financing at low rates while reducing the bank's lending risk.

Check out the links below for more information on the new refinance provision and first quarter 504 results. For additional questions, comments or concerns about 504 loans or refinances, please contact Steve Grelle at 314.615.7681.  

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