STACKED US QUARTER COINS ON WOODEN TABLE WITH WHITE ILLUSTRATION SHOWS DECREASING OF INTEREST RATES FINANCIAL CONCEPT

  SBA 504 January Rates
For loans approved on or after 10/1/19 annual service fee reduced by 32.51 bp
 
2 0-year fixed rate 3.782%
25-year fixed rate 3.904%
10-year fixed rate 3.685
  
   January 504 Debt Refi Rates      
20-yr fixed 3.783%
25-yr fixed 3.905%
10-yr fixed 3.686%


         Highlights of the SBA Debt Refi Program

  •  Up to 90% LTV for real estate and equipment debt incurred at least 2 years prior to application.  85% LTV for special-use real estate.
  • 85% LTV if other business expenses are rolled into the refi project.
  • Approval can be made subject to appraisal.
  • Debt to be refinanced must be current for the prior 12 months.
  • No SBA or other Federal guaranty debt can be refinanced.
  • Occupancy must be 51% at time of application.
  • Ownership of business must be the same for the prior 2 years.
504 Program Information
The SBA 504 program can be used to finance up to 90% of a wide variety of projects including owner-occupied real estate and large equipment with a 10, 20 or 25 year fixed rate (generally defined by useful life). 

Minimum project size is $125,000 with NO MAXIMUM!  SBA participation will max out at $5 million for most projects, but can go as high as $5.5 million for manufacturers and projects meeting renewable energy requirements.
 
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Granite State Development Corporation
603-436-0009
www.granitestatedev.com