Florida First Capital – SBA 504 Loan Interest Rates Fall
The interest rate on US Small Business Administration (SBA) 504 commercial real estate loans has fallen to 4.69% this September, marking the third lowest interest rate in 504 history. In addition to that, the current interest rate for industrial machinery and equipment 504 loans is 3.755%, which is the second lowest. SBA loans are paired with private-sector commercial business loans and provide up to $5 million of small business loans and financing for standard projects and up to $5.5 million for green initiative and small manufacturer projects. These low September rates are a rare opportunity for 504 borrowers, especially small business owners looking to purchase or renovate commercial property. Florida First Capital Finance Corporation is a non-profit certified development company that works with the SBA and private-sector lenders to provide available and affordable financing to small businesses in Florida.