Rates and Calculator
Interest Rate
Below market fixed rate. The rate on the SBA 504 portion is set when the SBA sells the debenture to fund the loan. Debenture sales occur monthly for 25-year loans, 20-year loans and bi-monthly for 10-year loans. The rate is then fixed for the term of the loan. SBA 504 Debentures are government guaranteed securities. The effective rate (APR) will include program fees and a loan loss subsidy.
Current Rates
| 25 Year | 20 Year | 10 Year |
|---|---|---|
| 6.28 | 6.35 | 6.64 |
Refinance projects add ~.025% (2.5 basis points) to the rate chosen
Curious about the costs of an SBA 504 Loan?
Of course you are. Use this handy calculator for a breakdown of all the estimated costs associated with your loan.
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This form provides purely ESTIMATED costs. Final rates will not be locked in until the financing is secured. This is not a commitment to lend.
| CDC 504 Debenture Loan | |||
|---|---|---|---|
| SBA 504 (net) | $0 | 40% | |
| Bank | $0 | 50% | |
| Down Payment | $0 | 10% | |
| Total Project | $0 | 100% | |
| Bank | Debenture | Total | |
|---|---|---|---|
| Loan Amount | |||
| Interest Rate | |||
| Terms | |||
| CDC Process Fee | |||
| CDC Closing Fee | |||
| SBA Guarantee Fee | |||
| Funding Fee | |||
| Underwriter Fee | |||
| Total Fees | |||
| Total Loan Amount | |||
| Monthly Payment |
There is also an SBA lender fee of 0.5% of the lender's loan. This fee may be passed on to the borrower and MAY be included in the project costs.