The real estate 504 rates increased this month. The 25-year and 20-year real estate rates both increased by 44 bps from the month prior. The 10-year equipment rate remained as-is from September, as it adjusts every two months.
Rates will be 0.20% lower for the following NAICS Codes, if approved on or after 10/1/26:
· Manufacturers (NAICS 31, 32, 33)
· Food Supply Chain (NAICS 1111, 1112, 1113, 1121-1125, 1129, 1141, 1151, 1152, 423830, 4244, 4245, 424910, 445110, 484220*, 484230*, 493120, 493130)
· Businesses located in a Rural Area
*Limited to refrigerated and frozen trucking, farm products, grain products, and livestock.
The new SBA 504 Program Fees have been released for FY 2027. Any loans approved on or after 10/1/2026 will use a servicing fee of 0.203%. The new servicing spread will be 1.303%, a decrease of 0.003% from FY 2026.
Welcome, Bob Nelson
We are pleased to announce that Robert Nelson, former Massachusetts District Director of the U.S. Small Business Administration, has joined CDC New England as a Business Development Officer, focusing on the 504 Loan Program throughout Massachusetts. Nelson will concentrate his efforts in Greater Boston, the Merrimack Valley, and Western Massachusetts, working with lenders, commercial real estate professionals, business advisors, and small business owners to provide long-term financing for owner-occupied commercial real estate, construction, renovations, and major equipment purchases. He will also originate SBA 504 opportunities throughout Massachusetts, Connecticut, Rhode Island, New Hampshire, and Vermont. Welcome, Bob!
Bob Nelson, VP, Business Development Officer
(860) 481-9611 (cell)
BNelson@BDCNewEngland.com
Client Success Story: The Charles J. Angelo Manufacturing Group
At CDC New England, we're proud to partner with lenders and small businesses to create financing solutions that support long-term growth.
When CAM Group, a precision aerospace and defense manufacturer in Connecticut's "Aerospace Alley," needed to consolidate real estate and equipment debt, CDC New England worked alongside New Haven Bank to structure two SBA 504 refinancing projects that provided stable, fixed-rate financing and improved cash flow. The result? A stronger financial foundation that allows CAM Group to focus on what they do best: delivering high-quality components to the aerospace and defense industries.
Success stories like this demonstrate the power of collaboration and the impact of the SBA 504 program in helping small businesses invest in their future.
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 5.907 + 1.303 servicing spread (25 years)
*Note Rate 5.859 + 1.303 servicing spread (20 years)
**Note Rate 5.268 + 1.309 servicing spread (10 years)
*For Loans Approved Between 10/01/26 - 9/30/27
**For Loans Approved Between 10/01/25 - 9/30/26
Contact CDC New England for more information regarding SBA 504 financing.
