December 15, 2021
December 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 2021.
The real estate 504 rates increased this month. The 25 year and 20 year rates both increased by 10 bps from the month prior. The 10 year equipment rate remains as-is from November, as iadjusts 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 1.876 + 1.3475 servicing spread (25 years)
*Note Rate 1.680 + 1.3475 servicing spread (20 years)
*Note Rate 1.362 + 1.3475 servicing spread (10 years)
*For Loans Approved After 10/01/21
Contact CDC New England:
Paul F. Flynn, Jr., President & CEO
(781) 928-1133
(617) 921-2695 (cell)
Mike Topalian, Managing Director, Sales & Marketing
Territories: Massachusetts, New Hampshire, & Connecticut
(781) 928-1122
(508) 612-5661 (cell)
Carol Brennan
Territories: Massachusetts, Connecticut, & Rhode Island
(781) 928-1123
(413) 237-6648 (cell)
Nancy Gibeau
Territories: Massachusetts, Connecticut, & Rhode Island
(508) 254-7891
Ryan Johnson
Territories: Massachusetts & New Hampshire
(781) 928-1132
(617) 762-6708 (cell)
Dave Raccio
Territories: Connecticut, Western Massachusetts & Vermont
(860) 218-2901
(203) 780-1097 (cell)
Matt Brothers
Territories: Central/Western Massachusetts, Vermont, Connecticut, & New Hampshire
(781) 928-1124
(603) 512-3411 (cell)
