June 17, 2021
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 and 8bps, respectively from the month prior. The 10 year equipment rate remains as-is from May, 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 1.492 + 1.552 servicing spread
*Note Rate 1.315 + 1.552 servicing spread
*Note Rate 0.874 + 1.552 servicing spread
*For Loans Approved After 10/01/20
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
(401) 450-0047
(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)
Laura Brown
Territories: Maine, New Hampshire & Northeast Massachusetts
(603) 742-0078
(781) 913-4050 (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)
