Commercial Real Estate Loan Rates Don’t Get Better Than September 2011
The SBA (Small Business Administration) is providing long-term, fixed loan rate financing for commercial real estate and the purchase of long-term capital assets at the lowest interest rates since the inception of its 504 loan program. These loan rates are turning out to be a great opportunity for small business borrowers to purchase or build their own facilities.
The debentures for September's 20-year 504 loans were sold to investors at an interest rate of 2.85 % falling below the previous low of 3.88 % in June of 2010 whereas the 10-year loan debentures were sold at an interest rate of 1.53 % which eclipsed the previous low of 1.81 % in November 2010.
If you have a small business looking to invest in a place of your own, the loan rates right now are just perfect, and you might never get a better deal in your lifetime. Although official figures for interest rates will be out on Sept 12, going by current trends the loan rate of interest on a 20-year loan could be as low as 4.69 %, and with the current financial situation commercial properties are available abundantly.