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NYBDC.com
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SBA 504 Program Effective Rates
20 Year Term ($1MM+)...............6.29%
20 Year Term (under $1MM)........6.74%
10 Year Term ($1MM+)...............6.30%
10 Year Term (under $1MM)........6.84%
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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 - 7.30% - 8.30% |
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5 Years - 7.30% - 8.30% |
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| Equipment Acquisition
or Refinance |
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5 to 10 years |
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5 Years - 7.30% - 8.30% |
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7 Years - 7.32% - 8.32% |
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10 Years - 7.39% - 8.39% |
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| Purchase/Construct or Refinance a Building |
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15 to 20 Years |
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10 Years - 6.89% - 8.19% |
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15 Years - 7.13% - 8.43% |
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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 8.25% |
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Interest Rates as of 4/23/07 |
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