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SBA Rates Continue to Decline
August saw the lowest 20-year rate since September 2016 and produced an ongoing effective rate for small business borrowers of 3.53%, 172 bps lower than Prime Rate, while the 25-year effective rate was 3.63%, a difference of 162 bps.
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Current SBA 504 Interest Rates
Did You Know?
Did you know that the SBA only requires a small business to occupy 51% of an existing building purchase or 60% if constructing a new facility?
This gives small business owners additional flexibility when searching for real estate and an opportunity to offset their monthly debt service.
This Months Fast Fact Friday with Brandon
Are you contemplating using the SBA 504 Loan for any projects?
I'm not sure if the project qualifies.
Your Big Sky Finance Team
Big Sky Economic Development
222 North 32nd Street Suite 200
Billings, MT 59101