News

SBA 504 Success Story – GlenPharmer Distillery in Franklin, MA

January 13, 2022

Congratulations to our SBA 504 borrower on great publicity from this Boston Globe article! GlenPharmer Distillery in Franklin produces a line of artisan spirits using local ingredients and traditional grains and barley. By Ann Trieger Kurland, Globe correspondent GlenPharmer Distillery in Franklin produces a line of artisan spirits using local ingredients and traditional grains and barley. Owners Patrick and Beth Downing founded the distillery three years ago and are pharmacists, owned a pharmacy and have the profession woven into their family history — hence the name. Patrick’s backgro

CDC New England #1 in CT

December 15, 2021

Thanks to All of Our Banking, Business Partners, and Borrowers! CDC New England Awarded the 2021 SBA Eagle Award for the #1 CDC in Connecticut for SBA 504 Loans by Units and Dollar Volume Over the last four years, New England Certified Development Corporation approved SBA 504 loans in Connecticut with the following results: Partnered with 41 Banks and 95 Loan Officers 147 Approvals for $232,000,000 Total ($131,000,000 Banks, $101,000,000 SBA 504) Average project size $1,578,000 Project size from $99,000 to $12,000,000 Substantial impact on economic development within the

December 2021 SBA 504 Funding Rates

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 D

November 2021 SBA 504 Funding Rates

November 18, 2021

November 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 remained relatively unchanged from the month prior.  The 10 year equipment rate increased by 22 bps from the month prior, as a result of the new servicing spread. Recent SBA 504 Deals from CDC New England:

October 2021 SBA 504 Funding Rates

October 12, 2021

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 2021. The real estate 504 rates decreased this month, as a result of the new FY 2022 servicing spread. The 25 year and 20 year rates decreased by 2 bps and 4 bps, respectively from the month prior. The 10 year equipment rate remains as-is from

September 2021 SBA 504 Funding Rates

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 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 11 bps from the month prior. The 10 year equipment rate increased by 8 bps from the month prior. Recent SBA

BDC Capital / CDC New England Announces Promotion of David Raccio

September 16, 2021

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 has shown a strong ability to work effectively with bankers and borrowers while navigating the SBA guidelines”, says Paul F. Flynn, Jr., President & CEO of BDC Capital. “Dave will continue CDC New England’s success as the only

August 2021 SBA 504 Funding Rates

August 11, 2021

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 by 5 bps from the month prior.  The 10 year equipment rate remains as-is from July, as it adjusts every two months.   Recent SBA 504 Deals from CDC New England:              

July 2021 SBA 504 Funding Rates

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 decreased by 7bps from the month prior. The 10 year equipment rate decreased as well by 2bps from the month prior.   Recent SBA 504 Deals from CDC New England:                

June 2021 SBA 504 Funding Rates

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, n