The March 2022 SBA 504 debenture pricing was complete on March 10, 2022.

25 Year Term 3.93%

20 Year Term 3.76%

10 Year Term 3.81%

The SBA is offering a 504 Loan with a 25-year maturity for the acquisition of owner-occupied commercial real estate and related costs. This is in addition to the 10 and 20 year loans currently available in the 504 Loan Program. Loans are typically eligible for up to 90% financing of project costs. Rates include monthly servicing fees to CDC, SBA, and central servicing agent; based on SBA FY22 fees. SBA 504 refi rates are approximately 1 basis point higher than debenture pricing noted above.

The SBA 504 program – with its fixed interest rate and terms of up to 25 years for the purchase of fixed assets – is a key financing option for small businesses. In FY21, Illinois ranked fourth in total number of loans nationwide and the popularity of the program continues to grow! Thank you to all our lending partners for their help in increasing access to capital for small businesses through the 504 program.

After more than 20 years in business, RaMona Westbrook was ready to stop renting and purchase her own space. With the help of the SBA 504 loan, Brook Architecture increased their office space by 1,000SF and personalized it. Renovations, including the addition of a resource library, created an environment for employees and clients to effectively collaborate on design plans.