In December 2012, the 20 year “all-in” fixed rate for 504 loans fell below 4.0% for the first time in the history of the program. Also, the 10 year rate, which adjusts every two months, is at a record low, hovering just above 3.05%. It is a great time to use the 504 program. In [...]
The information contained herein was obtained from a variety of sources. At the time of publication/update it was , to the best of our knowledge, an accurate summary of the procedures, terms, and conditions of the Section 504 Loan Program. Since modifications to this program by Congress and the SBA occur from time to time, contact bay Colony for the latest information.
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