Rate information: 20-year rates Dropped 12 basis points. The 20-year fixed rate is now 4.51%. The 10-year rate is at 4.56%. SBA 504 rates have been below 5.0% for 38 months in a row, that's over 3 years. The 10-year rate increased to 4.38%. Rates still may increase modestly this year, but they are still low. Fed Chair Janet Yellen has indicated that we should expect to see one more modest rate increase by the end of the year, but not much after that.
New information the 504 Program may be adding a 25-year debenture: The regs for the 25-year debenture should be published by December 29, 2017 and the program should be implemented and accepting applications by March 30, 2018. This would give us 10-year, 20-year and 25 year debenture terms. We do not know yet if there will a different rate charged for the 25-year term. More details to follow later this year.
Real estate inventories continue to be very low in all areas for commercial properties, especially for owner-users. Smaller functional offices are scarce. The SBA 504 Real Estate Advantage continues to be a great way to finance the acquisition and/or construction commercial real estate for owner-users. 504 loans can be used to finance up to 90% of the cost of your real estate project.
For additional information about our loan programs please contact Cal Cain at (559) 227-1158
504 Rates for the 2016-17 Fiscal Year
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Cen Cal Business Finance Recent Funded Projects
Commercial Building
Downtown Fresno
Purchase & Improvements
TOTAL PROJECT
FINANCING
$1,300,000
Cen Cal Business Finance Group - Participating Banks
2012 - November 2017
Loan Approvals by Fiscal year - Participating Banks
Lender Name
2012
2013
2014
2015
2016
2017
Bank of America
Bank of the Sierra
1
2
5
4
Bank of the West
2
1
3
3
BBVA Compass
1
2
1
California Bank & Trust
1
2
1
Central Valley Community Bank
2
1
1
1
4
Citizens Business Bank
1
Community West Bank
1
1
Fresno First Bank
1
1
1
4
3
JPMorgan Chase Bank, NA
1
2
1
Premier Valley Bank
10
4
4
7
5
1
Umpqua
3
Security First Bank
1
1
Suncrest Bank
1
Tri Counties Bank
2
2
U.S. Bank N.A.
1
1
1
Union Bank, N.A
2
1
1
2
United Security Bank
Valley Business Bank
1
1
1
Wells Fargo Bank, N.A.
1
1
1
1
Westamerica Bank
1
3
3
2
1
Zions First National Bank
1
Founders Community Bank
1
Fiscal Year Totals
21
16
11
28
26
25
Annual Leaders are in Bold
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Cen Cal Business Finance Group
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