More than a 504

2.49%

Equipment 10-year Fixed

2.92%

Real Estate 20-year Fixed

3.11%

Real Estate 25-year Fixed

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Archive for the ‘Uncategorized’ Category

October 2021 SBA 504 Funding Rates

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October 2021 SBA 504 Funding Rates:                     The new SBA 504 Program Fees have been released for FY 2022. Any loans approved on or after 10/1/2021 will use a servicing fee of 0.2475%. The new servicing spread will be 1.3475%, a decrease of 0.2042% from FY […]

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September 2021 SBA 504 Funding Rates

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September 2021 SBA 504 Funding Rates:                     The new SBA 504 Program Fees have been released for FY 2022. Beginning on October 1st, 2021, any loans approved on or after 10/1/2021 will use a servicing fee of 0.2475%. The new servicing spread will be 1.3475%, a […]

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BDC Capital / CDC New England Announces Promotion of David Raccio

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BDC Capital Corporation is pleased to announce the promotion of David Raccio to Senior Vice President, Managing Director of Sales. Raccio will lead a team of business development officers located throughout New England with a focus on SBA 504 loans through BDC Capital’s affiliate company, CDC New England, an SBA 504 Certified Development Company. “Dave […]

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August 2021 SBA 504 Funding Rates

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August 2021 SBA 504 Funding Rates:                       The new SBA FY 2021 504 Program Fees are now effective for loans that are approved as of October 1st, 2020. The real estate 504 rates increased this month. The 25 year and 20 year rates both increased […]

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July 2021 SBA 504 Funding Rates

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July 2021 SBA 504 Funding Rates:                      The new SBA FY 2021 504 Program Fees are now effective for loans that are approved as of October 1st, 2020. The real estate 504 rates continued to decreased this month. The 25 year and 20 year rates both […]

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June 2021 SBA 504 Funding Rates

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June 2021 SBA 504 Funding Rates:                 The new SBA FY 2021 504 Program Fees are now effective for loans that are approved as of October 1st, 2020. The real estate 504 rates continued to decreased this month. The 25 year and 20 year rates decreased by 5bps […]

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SBA 504 Success Story – Kaitlyn Szczupak

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BayCoast Bank worked with Nancy Gibeau, our RI market business development officer, on this amazing loan to a woman-owned small business. Nancy mentioned “From the moment I met her and throughout the entire process, she impressed me—organized, professional, customer service oriented and focused—is how I would describe this remarkable young lady.” Our team is happy […]

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No Questions Asked!!!

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SOME GOOD NEWS! Many of our 504 borrowers are helping the community deal with the COVID-19 crisis. We want to share their stories. CDC New England SBA 504 Borrower:  Christopher’s Café and Catering Lynn, Massachusetts     No questions asked!!!    Christopher’s Café and Catering of Lynn, Massachusetts is a hometown favorite for breakfast, lunch, and […]

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SBA 504 Success Story – Babin Landscaping

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Landscaper Secures SBA 504 Loan for Expansion CDC New England SBA 504 Borrower:  Babin Landscaping, Pepperell, MA   . Babin Landscaping of Pepperell, MA Secures SBA 504 Loan for Expansion . CDC New England provided Babin Landscaping with an SBA 504 loan to acquire real estate and equipment for a relocation of the business. . […]

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Time To Make Face Masks!

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SOME GOOD NEWS!  Many of our 504 borrowers are helping the community deal with the COVID-19 crisis. We want to share their stories. CDC New England SBA 504 Borrower:  Standard Modern Company, Inc. New Bedford, MA Holding 6-foot social distancing sticks and signage . Time to make face masks!    . Standard Modern Company, Inc. […]

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