May 31, 2023
May 2023 SBA 504 Funding Rate:
The real estate 504 rates increased this month. The 25 year and 20 year rates both increased by 14bps and 12bps, respectively from the month prior. The 10 year equipment rate decreased by 74bps from the last funding, 2 months prior.
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 4.671 + 1.5405 servicing spread (25 years)
*Note Rate 4.669 + 1.5405 servicing spread (20 years)
*Note Rate 4.362 + 1.5405 servicing spread (10 years)
*For Loans Approved After 10/01/22
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 Angat
Territories: Connecticut, Western Massachusetts, & Vermont
(860) 299-6025 (cell)
