October 11, 2023
October 2023 SBA 504 Funding Rates:
The new SBA 504 Program Fees have been released for FY 2024. Any loans approved on or after 10/1/2023 will use a servicing fee of 0.364%. The new servicing spread will be 1.464%, a decrease of 0.0765% from FY 2023.
The real estate 504 rates increased this month. The 25 year and 20 year rates both increased by 33bps from the month prior. The 10 year equipment rate remained as-is from August, 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 5.876 + 1.464 servicing spread (25 years)
*Note Rate 5.879 + 1.464 servicing spread (20 years)
**Note Rate 5.391 + 1.5405 servicing spread (10 years)
*For Loans Approved After 10/01/23
** 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 – Director of SBA Lending
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 Franco
Territories: Connecticut, Western Massachusetts, & Vermont
(860) 299-6025 (cell)
