SBA 504 MAY 2008 INTEREST RATES: 20-Year Debentures – 6.46% & 10-Year Debentures – 6.11%

The SBA 504 Loan Program provides healthy small and medium-sized businesses with long-term fixed rate financing for the acquisition or construction of fixed assets. Projects are financed through a unique public/private partnership that involves private lenders financing 50% of project costs, MCDC covering up to 40% of project costs, and small businesses investing at least 10% of project costs. By taking a secondary collateral position on project assets, SBA provides a “collateral cushion” for the primary lender and reduces the amount of equity normally required of the borrower.

For more Information contact: Jane K. Sherzer, President
Ph: (517) 886-6612, This e-mail address is being protected from spam bots, you need JavaScript enabled to view it