Current Debenture Rates*

20 Year rate: 4.708% (April)
10 Year rate: 3.348% (March)

10-year debentures price every other month. Last updated 4/12. *per NADCO February, 2012.

BC Newswire

504 Temporary Debt Refinance Program: FREE Webinar!

NADCO is hosting a FREE webinar that will cover the 504 Temporary Debt Refinance Program in detail. REGISTER HERE Hosted by our experienced industry instructors, and with participation by key SBA officials, the webinar will be one hour in length, held on Thursday, March 8th, at 1:00 pm Eastern Standard Time. We will cover topics including: Eligibility for refinancing [...]

SBA 504 Projects Funded in January, 2012

HVAC Company in Danvers, MA Project was purchase of real estate Donna McMillan from Eastern Bank was the lender $271,000 purchase price $114,000 Bay Colony contribution 10 new jobs will be created Dental Practice in Brookline, MA Project was for the purchase and renovation of real estate $1,260,000 purchase price; Bay Colony contribution of $511,000 [...]

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Recently Approved Projects

Physical Therapist, VT
ROA Molding, MA
Physical Therapist, RI
Hair Salon, MA
Manufacturer, MA

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Historical Rates

The SBA 504 Loan Program offers a low, fixed rate based on a debenture bond sale. This occurs once a month for 20-year loans and every other month for 10-year loans.

Interest rates on Bay Colony’s 504 loans are set by the market. The interest rate on a borrower’s 504 loan is fixed to the current market rate at the time the SBA sells a debenture bond to fund the loan.

Servicing fees based on principal are rolled into the monthly payment.

The interest rate established by the bank/first mortgage is negotiated directly with the business owner.