September 11, 2023
September 2023 SBA 504 Funding Rate:
The real estate 504 rates increased this month. The 25 year and 20 year rates both increased by 27bps from the month prior. The 10 year equipment rate decreased by 1bp from the last funding, 2 months prior.
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 5.465 + 1.5405 servicing spread (25 years)
*Note Rate 5.466 + 1.5405 servicing spread (20 years)
*Note Rate 5.391 + 1.5405 servicing spread (10 years)
*For Loans Approved After 10/01/22
Congratulations to Lauren Angat, our SBA 504 Business Development Officer, on her recent marriage! Her married name is Lauren Franco and her new email address is lfranco@bdcnewengland.com.
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)
