SBA 504 September Effective Rate 6.55%  

The 20-year 504 rates announced for September are:

Effective Rate: 6.72%
First Five Years: 6.62%
Note Rate: 5.62%
Debenture Rate: 5.54%

The 10-year 504 rates are:

Effective Rate: 6.87%
Note Rate: 5.56%
Debenture Rate: 5.37%

in this issue
	Cabinet Vote Brings Much-Needed Insurance Relief to Florida Small Businesses Lowest Effective Rate A Reason for Choosing The FFCFC New SBA Phase 1 Environmental Requirements Announced Ask the Experts Top 10 Industries Utilizing the 504 Loan Program

Cabinet Vote Brings Much-Needed Insurance Relief to Florida Small Businesses

The Florida Cabinet approved an emergency rule establishing a property and casualty joint underwriting association. This will make commercial property insurance available to Florida businesses unable to find coverage--or reasonable coverage--in the private insurance market. Full Text... »

SBA 504 Fees Drop, 7(a) Fees Rise

Each year SBA reviews the fees payable to SBA by certified development companies (CDCs) and 7(a) participating lenders (Lenders) as well as the borrowers to determine if they are sufficient to cover the estimated costs of the 504 and 7(a) loan programs. Read on... »

Congress Approves CR for 504 Program

Before Congress recesses for the election, they will pass a Continuing Resolution (CR) for all SBA programs and include a record $7.5 billion program level authority for the 504 loan program. Answer...

Ask the Experts

Q -Can a 504 loan be prepaid, and what are the costs and procedures? Read the answer...

SBA Lending Exceeds Records for Sixth Straight Year

Small businesses turned to the U.S. Small Business Administration for commercial financing in record numbers in fiscal year 2006, setting records for both the number of loans and the dollars loaned, SBA Administrator Steven C. Preston noted. Read on... »

Full Release... »