New York Business Development Corporation - August 2006 Newsletter
Current Interest Rates


SBA 504 Program Effective Rates

20 Year Term (under $1MM):       7.70%
20 Year Term ($1MM+):              7.25%

10 Year Term (under $1MM):       7.99%
10 Year Term ($1MM+):              7.45%
 

Loan Purpose

Repayment Term

Current Interest Rates

Working Capital

3 to 5 Years

3 Years - 7.59% - 8.59%
5 Years - 7.57% - 8.57%

 

Equipment Acquisition
or Refinance

5 to 10 Years

 5 Years - 7.57% - 8.57%

7 Years - 7.58% - 8.58%

10 Years - 7.64% - 8.64%

 

  

Purchase/Construct or Refinance a Building

20 Years

 10 Years - 7.14% - 8.44%

15 Years - 7.33% - 8.63%

 

  

Empire Zone Loans

Up to 15 Years

 Fixed at
 Yrs 1 and 2 - Prime minus 2% Thereafter -  Prime minus 1%

  
Prime Rate is 8.25%

Interest Rates effective as of 8-14-06

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