|
New York
Business Development Corporation - November 2006 Newsletter
Current Interest Rates
SBA 504 Program Effective Rates
20 Year Term (under $1MM)..........6.99%
20 Year Term ($1MM+)...............6.54%
10 Year Term (under $1MM)........7.27%
10 Year Term ($1MM+)................6.73%
|
Loan Purpose |
Repayment Term |
Current Interest Rates
|
|
Working Capital |
3 to 5 Years |
3 Years - 7.34% - 8.34% |
|
5 Years - 7.28% - 8.28% |
|
|
|
Equipment Acquisition
or Refinance |
5 to 10 Years |
5 Years - 7.28% - 8.28% |
|
7 Years -
7.27% - 8.27% |
|
10 Years - 7.28% - 8.28% |
|
|
|
|
|
Purchase/Construct or Refinance a Building |
20 Years |
10 Years - 6.78% - 8.08% |
|
15 Years - 6.96% - 8.26% |
|
|
|
|
|
Empire Zone Loans |
Up to 15 Years |
Fixed at funding:
Yrs 1 and 2 - Prime minus 2% Thereafter - Prime
minus 1% |
|
|
|
Prime Rate is 8.25% |
Interest Rates effective as of 11-28-06 |
President's Remarks
Lender's Corner - Construction Financing
Success Story
NYBDC
News Highlights
Employee Spotlight -
Richard Amsterdam Welcome
Aboard
October
Loan Approvals Current
Loan Rates
Contact
Us
|