| SBA
504 Rates Fall
SBA 504 December Effective Rate Falls to 6.16%
The 20-year 504 rates announced Today (12/14/2004) are:
Effective Rate: 6.16%,
(1st 5 years):
6.05%
Note Rate: 4.94%
Debenture Rate: 4.87%
The 10-year 504 rates are:
Effective Rate: 5.92%,
Note Rate: 4.30%
Debenture Rate: 4.15%
| Florida Manufacturers Get 300% Loan
Increase |
 |
| Florida manufacturers received a real boost from the
Omnibus Appropriations Act passed by Congress last week. The
maximum size of guaranteed loans available to manufacturing
businesses under the SBA 504 loan program was increased to $4
million from $1 million - an increase of 300%.
Read
on... »
|
| A 504 Small Business Success Story |
|
| The past year has seen Florida First Capital Earlier
this fall, Florida First Capital Finance Corporation (FFCFC)
received authorization from the SBA for a 504 financing
project totaling $1,868,000 for a digital production company.
Full
Text... »
|
| Check the SOP: 504 Q&A |
|
Q -- Who is required to provide a personal guarantee
for a 504 loan?
A -- SBA generally requires the
personal guaranty of any person owning 20% or more of the
applicant business or any person who has management control of
that business, regardless of the form of ownership.
Read
the complete answer... »
|
SBA NEWS
SBA Hurricane Relief Tops $554
Million |
|
| The U.S. Small Business Administration has approved
more than $554 million in low-interest disaster loans to about
17,825 residents and business owners in the areas affected by
the late-summer rash of deadly hurricanes and floods.
Link
to SBA Press news release »
| |
| 504 Loan Program Expanded By Congress |
 |
| The Omnibus Appropriations Act, signed by the President
on December 8th, expanded 504 loan limits significantly and
decreased the number of jobs required per loan.
Details...
|
|
