#1 CDC in New England
The SBA 504 Loan Program
Three reasons why you should consider calling us for every owner-occupied real estate transaction

Subject to Congressional funding appropriations

Payment Relief and Fee Eliminations

  • For all 504 loans APPROVED between February 1, 2021 and September 30, 2021, your customer will get SIX months of payment subsidies which includes principal, interest and fees. Subject to a cap of $9,000 per month, per loan.

  • The Third Party Lender Participation Fee (.5% of 1st mortgage), paid by the borrower, is eliminated for all 504 loans APPROVED between December 27, 2020 and September 30, 2021

  • The CDC Processing Fee (1.5% of 2nd mortgage) is eliminated for all 504 loans APPROVED between December 27, 2020 and September 30, 2021
February SBA 504 Rates
For Loans approved on or after 10/1/2020

20-year fixed rate 2.815%
25-year fixed rate 2.911%

February SBA 504 Refinance Rates

20-yr fixed rate 2.85%
25-yr fixed rate 2.946%
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