News

May Deal Activity

May Deal Activity

In May, we have approvals ranging from a $20 million debt refinance project to an equipment purchase project of $1 million. In both cases, the 504 Loan Program provided the borrower with below market interest rates that enhanced their cash flow and operating...

CDC 504 Rate Comparsion to Prime

CDC 504 Rate Comparsion to Prime

This month the 25 Year Fixed Rate is 2.12% below Prime, the widest margin in the past 12 months. With another rate hike anticipated and the 10 Yr Treasury remaining in the mid-threes, now is the perfect time to hedge interest rate risk. The SBA 504 loan is the best...

FAQ – REFINANCE 7A LOAN INTO SBA 504 LOAN

FAQ – REFINANCE 7A LOAN INTO SBA 504 LOAN

Was 85% of original use of proceeds 504 eligible? (verified with Settlement Statement and loan disbursement documents). Existing lender must provide letter they are unwilling, or unable, to modify current terms. May refinance your own 7a loan only if sold...