A woman standing next to a building with text that reads september 2 0 2 2 sba interest rates.

The December 2022 SBA 504 debenture pricing was competed on December 8, 2022.

12/08/2022|SomerCor|SBA 504, SBA Interest Rates

25 Year Term 6.11%

20 Year Term 6.03%

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 FY23 fees. SBA 504 refi rates are approximately 3 basis points higher than debenture pricing noted above.

SBA 504 Reference Guide

SBA 504 REFI Reference Guide

SomerCor President & CEO, Manny Flores, joined IMEC Illinois and industry experts for a piece in Crain’s Chicago Business about the future of manufacturing. During times of transition, access to capital is crucial to both maintain existing operations and take advantage of new growth opportunities. Check out the full article to learn more!

READ THE ARTICLE

The SomerCor team wishes you and your loved ones a very happy and healthy holiday season! Please note that our office will be closed on December 26th and January 2nd.