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NYBDC.com
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SBA 504 Program Effective Rates
| 20 Year Term ($1MM+) | ...............6.48% |
| 20 Year Term (under $1MM) | ...............6.93% |
| 10 Year Term ($1MM+) | ...............6.37% |
| 10 Year Term (under $1MM) | ...............6.91% |
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NYBDC Loan Rates
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Repayment Term |
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Current Interest Rates |
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| Working Capital |
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3 to 5 years |
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3 Years - 5.75% - 6.75% |
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5 Years - 6.12% - 7.12% |
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| Equipment Acquisition
or Refinance |
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5 to 10 years |
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5 Years - 6.12% - 7.12% |
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7 Years - 6.35% - 7.35% |
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10 Years - 6.68% - 7.68% |
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| Purchase/Construct or Refinance a Building |
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15 to 20 Years |
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10 Years - 6.24% - 7.54% |
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15 Years - 6.69% - 7.99% |
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| Empire Zone Loans |
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Up to 15 Years |
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Fixed at funding: |
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Yrs 1 and 2: Prime minus 2%
Thereafter: Prime minus 1%
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| Prime Rate is 7.50% |
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Interest Rates as of 11/26/07 |
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