SBA recently released the April rate sheet for 504 Debentures
April 13, 2009
The Small Business Administration (SBA) recently released the April rate sheet for 504 Debentures – An SBA backed loan for purchase, construction, or renovation of existing buildings. The effective rate (after all servicing fees) for a 20 year debenture is a fixed 5.60% and for a 10 year debenture is a fixed 5.07%. These rates are extremely favorable and we strongly encourage consideration by any client considering the purchase, construction, or renovation of buildings.