SBA 504 October Effective Rate 6.55%  

The 20-year 504 rates announced for October are:

Effective Rate: 6.55%
First Five Years: 6.44%
Note Rate: 5.45%
Debenture Rate: 5.37%

The 10-year 504 rates are:

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

in this issue
	FFC #1 Florida 504 Lender in 2005-2006 SBA 504 Fees Drop, 7(a) Fees Rise Congress Approves CR for 504 Program Ask the Experts SBA Lending Exceeds Records for Sixth Straight Year

FFC #1 Florida 504 Lender in 2005-2006

Florida First Capital finished the 2006 fiscal year ending 9/30 as Florida’s leading provider of financial assistance through the SBA 504 program. Florida small businesses received over $388 million dollars in 504 project loans thanks to the efforts of FFC, $33 million dollars more than the #2 Florida CDC. 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... »