SBA made significant improvements to SBA 504 refinancing…a lending program already in high demand nationwide! The effective date is November 15, 2025, with additional details being available in a Final Rule published in theFederal Register on October 1, 2024....
New lower fees for SBA 504 loan in Fiscal Year 2025 apply to loans approved October 1, 2024, through September 30, 2025, and include a 3.3 basis points decrease in the annual service fee and the continuation of 0% upfront guaranty fee. SBA 504 Loans The...
The SBA 504 Loan Program can be a valuable resource for small business owners facing a balloon payment by providing refinancing options with competitive rates, longer repayment terms, and fixed-rate financing. It helps alleviate financial stress and provides a pathway...
More and more small business owners are turning to SBA loans as a quality source of capital. That’s why its important to be aware of what’s new with SBA 504 lending and why volume isn’t expected to slow any time soon. We have good news…not only did...
SBA published in the Federal Register a Final Rule on the SBA 504 Refinance Program that made the program easier to use. The effective date of the Final Rule and changes is November 13, 2023. SBA 504 Refinance Improvements Include The program is able to...
Did you know, it is estimated that $900B in CRE loans will come due by the end of 2024?! With interest rates on the rise, and the prime rate currently sitting at 8.5%, your financial plans should include refinancing with the 504’s below-market, long-term fixed...
