The Small Business Administration's (SBA) 504 loan program is providing long-term, fixed rate financing for commercial real estate at the lowest interest rate since the program's inception. The SBA's lending partners, Certified Development Companies (CDCs) are busy working with small business borrowers who are taking advantage of this record low interest rate to purchase or build new facilities. The trade association for the nation's Certified Development Companies (CDCs), reports that the interest rate for a 20-year SBA 504 loan hit a record low of 5.14% in September 2009.
The September bonds that fund SBA loans were sold to investors this month at a rate of 4.2%. This low sale price, coupled with the fee elimination provided by the Congressional Economic Stimulus Bill, resulted in an effective interest rate - including fees - of only 5.14% for borrowers in September. This interest rate is the lowest since the program began in 1986.The Small Business Administration's (SBA) 504 loan program provides long-term, fixed rate financing for commercial real estate, and has funded nearly $40 billion in loans to growing small businesses over the past 23 years. The SBA's lending partners, Certified Development Companies (CDCs) are extremely busy working with small business borrowers who are taking advantage of these record low interest rates to purchase, build or expand their own facilities. Contact C&C Capital Lending to get your SBA approved Business plan and receive your capital before it's too late.
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