SBA 504 Rate Drops

SBA 504 Rate Drops

 

SBA’s two recent fee reductions on 504 loans allow you to keep more of your hard-earned money.

 

What changed?
SBA Guarantee Fee was slashed to ZERO, down from 0.50%. This is NOT the bank participation fee, but rather the one-time charge to the borrower, assessed as part of the debenture origination cost.

 

SBA Borrower Fee, part of the APR calculation, was lowered to .914%…down from .937%. The end result: APR is lowered an average of 23 basis points which reduces monthly payments.

 

How much you can save on a $2 million project:
Guarantee Fee $4,047 savings (approx)
Borrower Fee $8,700 savings (approx, 20-yr term)
$12,747 Total Savings

 

Use these cuts to save money today! We can quickly prepare a custom use-of-proceeds and prequalify you in 48 hours.

 

Get the monthly SBA 504 rate by email alert!
Get the latest SBA rates, industry news, small business tips and more straight to your inbox!

This MailChimp shortcode is now deprecated. Please insert the new shortcode to display this form.