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SBA 504 Rates
SBA 504 December Effective Rate Jumps To 6.57%
The 20-year 504 rates announced Today (11/15/2005)
are:
Effective Rate: 6.54%
First Five Years:
6.57%
Note Rate: 6.47%
Debenture Rate:
5.47%
The 10-year 504 rates are:
Effective Rate: 6.84%
Note Rate: 5.38%
Debenture Rate: 5.20%
| Manufacturer Utilizes Cutting Edge Technology and Cutting Edge Financing |
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Commercial Casework makes cabinets, counters, files, work stations and desks in high quality plastic laminate using state-of-the-art, cutting edge technology. Rapidly outgrowing its 45,000 square foot facility, it recently agreed to purchase and renovate a 122,250 square foot building located on Youngermann Circle in Jacksonville for $5,400,000.
Full Text... »
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| Check the S.O.P: 504 Q&A |
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Q -In order to close a 504 loan, how current do the required financials need to be?
Read the answer... » »
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| SBA Hurricane Loans Top $1 Billion |
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A billion dollars in U.S. Small Business Administration disaster assistance loans have been approved for more than 14,200 residents and business owners in the Gulf Coast region to repair or rebuild properties damaged by Hurricanes Katrina, Rita and Wilma.
Full story... » »
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| SBA to Expedite Processing of Business Disaster Loans |
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In an effort to provide faster assistance to business owners in the areas affected by Hurricanes Katrina, Rita and Wilma the U.S. Small Business Administration announced that it would use an expedited process for disaster loans under $100,000 for businesses that can meet specified criteria.
Details... » »
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| 504 Program Lending Authority Grows 50% for 2005-2006 |
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President Bush has signed an appropriations bill (HR 2862) that increases 504 loan program lending authority to $7.5 billion for FY 2006. This assures another year of uninterrupted availability for 504 loans, and anticipates a significant increase in 504 lending.
Details...
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