How Are SBA 504 Interest Rates Determined?

To understand how SBA 504 interest rates are determined and why they can provide borrowers with tremendous savings, it’s helpful to understand the three-part structure of 504 loans. 504 Loans typically offer 90% financing, with some variances for start-ups or...

New 25-Year SBA 504 Loans

There is a new member of the SBA 504 loan family.  To better meet some borrowers’ needs, a 25-year loan term option became available April 2, 2018, which is in addition to the 10-year and 20-year loan options already offered.  SBA’s recent announcement of a 25-year...

Free Lender Forums Offered by SBA and SBDC

SBA is teaming up with Small Business Development Centers throughout Illinois on a series of free forums to update commercial lenders on agency programs and services. Topics will include SOP 50 10 changes, new franchise review processes, new equity injection...