August 14, 2023
August 2023 SBA 504 Funding Rate:
The real estate 504 rates decreased this month. The 25 year and 20 year rates both decreased by 3bps from the month prior. The 10 year equipment rate remained as-is from July, as it adjusts every two months.
Recent SBA 504 Deals from CDC New England:
SBA 504 Term Loans:
- Long-term loans for purchasing land and buildings, new construction, renovation and leasehold improvements, machinery & equipment
- Lowest cost; low rate fixed for 10, 20, or 25 years
- Down payment financing, if needed
- Bridge financing available
*Note Rate 5.204 + 1.5405 servicing spread (25 years)
*Note Rate 5.204 + 1.5405 servicing spread (20 years)
*Note Rate 5.401 + 1.5405 servicing spread (10 years)
*For Loans Approved After 10/01/22
Congratulations to Lauren Angat, our SBA 504 Business Development Officer, on her recent marriage! Please note her new email address is lfranco@bdcnewengland.com.
Contact CDC New England:
Paul F. Flynn, Jr., President & CEO
(781) 928-1133
(617) 921-2695 (cell)
Mike Topalian, Managing Director
(781) 928-1122
(508) 612-5661 (cell)
Dave Raccio, Senior VP of Sales & Marketing
Territory: New England
(860) 218-2901
(203) 780-1097 (cell)
Carol Brennan
Territory: New England
(781) 928-1123
(413) 237-6648 (cell)
Nancy Gibeau
Territories: Massachusetts, Rhode Island, & Connecticut
(508) 254-7891 (cell)
Ryan Johnson
Territories: Massachusetts & New Hampshire
(781) 928-1132
(617) 762-6708 (cell)
Matt Brothers
Territories: Massachusetts, New Hampshire, & Connecticut
(781) 928-1124
(603) 512-3411 (cell)
Lauren Franco
Territories: Connecticut, Western Massachusetts, & Vermont
(860) 299-6025 (cell)
