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February 2024 SBA 504 Interest Rates

02/08/2024|SomerCor|SBA 504, SBA Interest Rates

The February 2024 SBA 504 debenture pricing was competed on February 8, 2024.

25 Year Term 6.38%
20 Year Term 6.49%

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 FY24 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

The SBA 504 loan program is an attractive, low-cost way for lawyers, accountants, insurance agents, architects, and other professionals to acquire fixed assets and position their practices for growth.

In addition to building equity through the purchase of commercial real estate, owner/operators can use the SBA 504 loan to optimize the layout, ambiance, and amenities of a space to attract top talent and increase productivity. Contact our team today to see if the 504 program is the right fit for your small business client.