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SBA 504 Rates
SBA 504 June Effective Rate 6.99%
The 20-year 504 rates announced for June
are:
Effective Rate: 6.99%
First Five Years:
6.90%
Note Rate: 5.90%
Debenture Rate:
5.82%
The 10-year 504 rates are:
Effective Rate: 7.19%
Note Rate: 5.87%
Debenture Rate: 5.68%
| FFC Loan to a Not-For-Profit in Atlanta “A True Blessing” |
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Baron L. Coker, Executive Director of Making Our Way Better, Inc. (MOWB) said, “Getting the approval for the financing of our purchase of a multi-building property located at 5065 Roosevelt Highway, Union City (Fulton County), Georgia was a true blessing, as it allows us to do what we do, but to do it better.”
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| Estimating Closing Costs for Commercial Real Estate and/or Equipment 504 Loans |
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Are you having difficulty in accurately estimating closing costs for SBA 504 real estate or equipment loans? FFCFC has created a tool that will estimate the title work, documentary stamps, recording fees, intangible tax, flood certification fee and other miscellaneous fees involved with closing a 504 commercial loan in Florida.
Read on... »
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| Ask the 504 Experts |
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Q - Under the 504 loan program, is there a difference between a special-purpose property (e.g. gasoline station) and multi-purpose property (office building)? If so, how does SBA define special- purpose property?
Answer...
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| SBA Extends Disaster Loan Deadlines For Small Businesses Suffering Economic Losses After Hurricanes Katrina and Rita |
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SBA Administrator Hector V. Barreto announced that small business owners dealing with financial losses in the aftermath of Hurricanes Katrina and Rita have more time to apply for an SBA Economic Injury Disaster Loan. The new deadline for small businesses in the areas affected by Hurricane Katrina is June 28. Small businesses in the Hurricane Rita disaster areas have until July 26 to apply.
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| SBA Urges Businesses to Face Risks and Prepare for the Inevitable Disaster before it Strikes |
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Last year hundreds of thousands of homes and businesses were destroyed, and billions of dollars were lost in the destruction caused by Hurricanes Katrina, Rita and Wilma. With the Atlantic hurricane season arriving on June 1, the U.S. Small Business Administration is urging homeowners, renters and businesses across the country to take steps to protect their lives and property now.
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| Since 1983 FFCFC, Florida's Statewide Certified Development Company, has provided financial assistance to small businesses in conjunction with U.S. government, State of Florida and private sector lending programs. |
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