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SBA 504 Loan Interest Rate Report: March 2014

2014年3月

The effective interest rate for 20-year Small Business Administration (SBA) 504年十大正规赌平台平台 that funded in March continued to hold steady in the low five percent range while the 10-year rate declined slightly for March/April.

This is continued good news, however 504 rates will likely start rising in the near future following the Federal Reserve's recent decision to begin tapering its monthly bond buying program and prudent small business borrowers should lock in these historically low 504 rates now.

The debenture bonds that funded this month's 20-year 504年十大正规赌平台平台 were sold to investors at 3.21%, resulting in a final effective interest rate of 5.28%(相比于5%).(上月30%). Year to date, the 20-year rate has averaged 5.37%.

For 10-year 504年十大正规赌平台平台 (which are set bimonthly), the debenture bonds were sold at 1.96%, resulting in a final effective interest rate of 4.48% for March/April (compared to 4.一月/二月67%). Year to date, the 10-year rate has averaged 4.57%.

Both the 20- and 10-year SBA 504 interest rates are fixed for the term of the loan and require as little as a 10% borrower down payment.

504年十大正规赌平台平台 are funded by the sale of debentures (or bonds) which are pooled and sold on Wall Street each month. The effective interest rate - the rate borrowers pay - is comprised of the debenture rate (which is pegged to an increment above the current market rate for U.S. Treasury issues), the note rate and ongoing carrying costs of the program as set by the SBA.

弗兰克·基恩, fiscal agent for Development Company Finance LLC - the entity responsible for marketing and selling 504 funding securities - commented following the March debenture sale:

“Trend reversal - after testing 2.60% the day of Russia's incursion into Crimea, 10-year yields reversed to 2.73% the day of our pricing and closed last week at 2.79%. Part of that move resulted from the market hitting resistance and was then complimented by a better than expected Non-Farm Payroll report of +175,星期五，000英镑.

“While the three-month average gain of 129,000 is far below the previous year's gains of 194,000, the Fed is still expected to reduce its monthly bond purchases when it next meets on March 18th.

“Along with an expected improvement in economic data this could accomplish the near-term move to yields above 3.0% that many market analysts have been predicting. What could prevent that from happening is an escalation of the events in Ukraine resulting in another flight to “safe haven” investments like Treasury notes,基恩评论道。.

For small business owners looking to 扩大和现代化 their operations through the purchase of major fixed assets, the SBA 504十大正规赌平台平台计划 offered through 佛罗里达 First Capital provides up to 90% fixed rate financing with repayment terms up to 20 years for the purchase of 商业地产 和/或固定重型 机械设备.

504年十大正规赌平台平台 are paired with private-sector commercial loans, providing up to $5 million of small business financing for standard projects and up to $5.5 million for green initiative and small manufacturer projects (SBA loan portions only; there is no limit on overall project dollar size).

开始504十大正规赌平台平台

For more information about SBA 504年十大正规赌平台平台 in 佛罗里达,contact a 佛罗里达 First Capital Loan Officer here或发邮件至info@ly-brand.com. 电话:850.681.3601或免费电话888.320.5504.