November 21, 2022
October 2022 SBA 504 Funding Rate:
The new SBA 504 Program Fees have been released for FY 2023. Any loans approved on or after 10/1/2022 will use a servicing fee of 0.4405%. The new servicing spread will be 1.5405%, an increase of 0.193% from FY 2022.
The real estate 504 rates increased this month. The 25 year and 20 year rates increased by 97bps and 99bps, respectively from the month prior. The 10 year equipment rate remained 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 5.093 + 1.5405 servicing spread (25 years)
*Note Rate 4.962 + 1.5405 servicing spread (20 years)
**Note Rate 3.918 + 1.3475 servicing spread (10 years)
*For Loans Approved After 10/01/22
** 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
(781) 928-1122
(508) 612-5661 (cell)
Dave Raccio, Senior VP of Sales & Marketing
Territories: Connecticut, Western Massachusetts & Vermont
(860) 218-2901
(203) 780-1097 (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 (cell)
Ryan Johnson
Territories: Massachusetts & New Hampshire
(781) 928-1132
(617) 762-6708 (cell)
Matt Brothers
Territories: Central/Western Massachusetts, Vermont, Connecticut, & New Hampshire
(781) 928-1124
(603) 512-3411 (cell)
Lauren Angat
Territories: Connecticut, Western Massachusetts, Vermont, & Southern New Hampshire
(860) 299-6025 (cell)
