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August SBA 504 Rates
For Loans approved on or after 10/1/2020

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25-year fixed rate 3.023%
20-year fixed rate 2.846%

August SBA 504 Refinance Rates

25-yr fixed rate 3.058%
20-yr fixed rate 2.881%
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Without Expansion

Unlike the traditional 504 program (which can include refinance when there is significant expansion), this product can be used to provide "cash out" for eligible
business expenses.


  • Allows refinance of existing government guaranteed debt - including but not limited to 7a and 504
  • Qualified debt must be 6 months old to be eligible (from 2 years)
  • Cash out cannot exceed 20% of the asset value
  • Occupancy must be 51% at the time of application


With Expansion

  • Increases amount of 504 refinancing up to 100% of existing debt


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SBA 504 Program Information
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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