The October 2020 SBA 504 debenture pricing was completed on October 8, 2020.
25 Year Term2.58%
20 YearTerm2.55%
10 Year Term2.47%
SBA is offering a 504 Loan with a 25-year maturity for the acquisition of owner-occupied commercial real estate and related costs. This is in addition to the 10 and 20 year loans currently available in the 504 Loan Program. Loans are typically eligible for up to 90% financing of project costs. Rates include monthly servicing fees to CDC, SBA, and central servicing agent; based on SBA FY21 fees. SBA 504 refi rates are approximately 4 basis points higher than debenture pricing noted above.
On Tuesday, October 20th at 9am, SomerCor, an SBA Certified Development Company, invites you to an SBA 504 program update. Led by SomerCor's SBA 504 lending experts, this webinar details changes to the 504 program effective October 1, 2020.
Join the fight to save small businesses through credit solutions. Be a hero to your small business clients through the SBA 504 program.
SomerCor is a nonprofit, SBA Certified Development Company specializing in SBA 504 loan origination and servicing. For more than 25 years, SomerCor has proudly partnered with lenders and small businesses throughout Illinois.
Contact our team today to help your clients access the SBA 504 program.
Brian Comiskey CPA, EVP, Chief Lending Officer (312) 360-3311 Email