| SBA
504 Rates
SBA 504 April Effective Rate 6.19%
The 20-year 504 rates announced Today (4/13/2004) are:
Effective Rate: 6.19%,
(1st 5 years):
6.07%
Note Rate: 4.77%
Debenture Rate: 4.84%
The 10-year 504 rates are:
Effective Rate: 5.02%,
Note Rate: 3.38%
Debenture Rate: 3.26%
| Centralized Loan Processing Goes
Statewide |
 |
| Following a year-long pilot program that included South
Florida, SBA this month expanded its new centralized 504 loan
processing system to include the entire state of Florida. The
change frees up district staff to focus on additional
marketing efforts and consolidates loan processing in one
office, increasing efficiency and decreasing processing time.
504 loans in Florida will now be processed by SBA in
approximately 48 hours.
Read
on... »
|
| 504 Program Reauthorized For Fiscal
'04 |
|
| Earlier this month, President George W. Bush signed
into law week legislation that officially reauthorizes the 504
Loan Program through the remainder of the 2004 fiscal year.
The program operates with no appropriated dollars but does
require statutory authority to charge the fees to cover the
cost of the program.
504
Program Info. »
|
| 7(a) Lender Fees Rise |
|
| Congress added $3 billion in lending authority to the 7
(a) program this month, but at the cost of higher lender and
borrower fees.
Full
Story »
|
| Military Reservist Economic Injury Loans
Available |
|
Small businesses employing military reservists may
apply for economic injury disaster loans if those employees
are called up to active duty during a period of military
conflict existing on or after March 24, 1999 and if those
employees are essential to the success of the small business'
daily operations. The filing period for small businesses to
apply for economic injury loan assistance under the Military
Reservist Economic Injury Disaster Loan Program begins on the
date the essential employee is ordered to active duty and ends
on the date 90 days after the essential employee is discharged
or released from active duty. For further information, please
call 1-800-359-2227.
| |
| SBA Celebrates 50 Years at Expo |
 |
| SBA Expo '04 will be held May 19-21, 2004 at the Orange
County Convention Center in Orlando, Fla. The Expo focuses on
recognizing the contributions made by America's small
businesses while also providing entrepreneurs with
educational, networking and procurement opportunities.
Find
out more.... |
|
