February 2025 SBA 504 Interest Rates
25 Year Term 6.28%
20 Year Term 6.35%
10 Year Term 6.64%
The February 2025 SBA 504 debenture pricing was completed on February 6, 2025. The SBA offers 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 FY25 fees. SBA 504 refi rates are approximately 3 basis points higher than debenture pricing noted above.
SomerCor is proud to announce the hiring of Michael Piazza as a Senior Vice President. Piazza brings more than 15 years of experience in commercial lending, most recently as a top SBA 504 producer in the Midwest market with JPMorganChase.
Our team is committed to providing exceptional service to our borrowers and lending partners. Michael’s expertise will further strengthen our ability to connect businesses to the SBA 504 loan program and foster economic growth in the region. Learn more.
Surge Coffee Bar & Billiards was founded in 2017 by husband and wife, Wahib Merchant and Kareeshma Ali. The 6200 square foot facility in Chicago’s Albany Park neighborhood features 14 professional pool tables, a coffee shop in the daytime, and a bar in the evening.
The couple partnered with SomerCor SVP, Eric Bacon, to refinance two existing SBA 7(a) loans with the SBA 504 refinance program. This resulted in a single loan with a long-term fixed rate and reduced their monthly mortgage payments by over 20%.
Contact the SomerCor team today to see if the SBA 504 Refi is a good fit for you or your small business client.
