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Monday, July 13, 2009
SBA lowers rates
The effective rates for 20 year SBA 504 loans
dropped almost 70 basis points for July as compared to June 2009. Effective
rates are as low as 5.24% fixed for 20 years. For real estate and
equipment acquisition, as well as construction and expansion, the program is still an incredible benefit to both small business
borrowers and lenders. The program now allows debt refinancing when combined with an expansion (up to 1/3 of the project
can be eligible debt refinancing). Let us know how we can help you use this program to
minimize your risk and provide your customer with an exceptional loan structure.
10:36 am cdt
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