#4 CDC in the Country for FY 2019
SBA 504 June Rates - Lowest Again in History
For Loans approved on or after 10/2/19 annual service fee is reduced by 32.51 bp

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20-year fixed rate 2.654%
25-year fixed rate 2.781

June 504 Refinance Rates

20-yr fixed rate 2.655%
25-yr fixed rate 2.782%

Business photo shows hand written text cash out refinance
Highlights of the SBA Debt Refinance Program




Can provide cash out for eligible business expenses up to a maximum LTV of 85%, with a cap of 20% of the asset value

Up to 90% LTV for real estate and equipment debt incurred at least 2 years prior to application

Debt to be refinanced must be current for the prior 12 months

Ownership of business must be the same for the prior 2 years

Occupancy must be 51% at time of application

No SBA or other Federal guaranty debt can be refinanced

SBA 504 Program Information
Applying for a SBA Loan Approved_ SBA Loan application form with a pen on a desk with an approved stamp
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