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, 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 1.765 + 1.3475 servicing spread (25 years)
*Note Rate 1.569 + 1.3475 servicing spread (20 years)
*Note Rate 0.936 + 1.5527 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)
