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SBA 504 Program Effective Rates

The SBA 504 interest rate is not the only reason to choose the program, but it certainly helps. Because the 504 funds are raised from the sale of certificates guaranteed by the SBA on the bond market the rates are competitive and usually below market - and fixed for 10 or 20 years.

504 debentures are sold once a month. The rate is set early in the month and the debenture is sold in the middle or the month. This rate is then fixed for the term of the loan.  Trends follow the 10-year Treasury rate.

The 504 "effective rate" includes the debenture rate plus three ongoing program fees to Evergreen, the SBA and "Central Servicing Agent" known as Colson Services. It is not APR. These fees vary according to when a 504 project is authorized by the SBA so loans funding in the same month can have slightly different effective rates. Please contact your local Evergreen Loan Officer for rates on specific 504 loans that funded this month.

August 20-Year Term: 6.99%

July 10-Year Term: 6.60%