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Your Monthly Update on Rates and Industry News

June 2011

 

 

 

Rates Are The Lowest in Over Six Months 

 

St. Louis County Economic Council has been hitting the pavement in June! We've had a busy month closing a number of exciting deals. We also hosted a conference on regional cooperation. The conference's panelists described the strength of partnerships, something you and I have known all along. We know that with programs like the SBA 504, working as a team is a win/win.

 

With its new refinance provision and rates the lowest in over six months, the SBA 504 is more attractive than ever. Plus, the commercial real estate market is ripe with bargains, making it a great time to buy. Together, there are great opportunities right now for borrowers. Together, we can make it happen!

 

We welcome the opportunity to partner with you. Contact Steve Grelle at 314.615.7681 to schedule a short presentation or ask a question.

 

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June Headlines:
 
With the increase in SBA 504 loans, today's SBA lender can easily finance a $10 million plus project. 

 

Relief Available for Firms With Falling Real Estate Values   

Through the U.S. Small Business Jobs Act, firms with falling real estate values can get help. The law allows banks to refinance existing real estate and equipment debt through the SBA 504 loan program.  

 

SBA Refinancing Program Expands Key Provisions 

 Many small-business owners are unaware of a federal government plan that allows them to refinance their commercial real estate mortgages at a more favorable and longer-term rate.


 

June Rates 


5.36%
SBA
20-year fixed

4.35%
SBA
10-year fixed

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3.19% - 5.19%
BOOST 
variable rate

 

4.93% - 6.93%
BOOST
five-year fixed
 
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