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NYBDC.com
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SBA 504 Program Effective Rates
20 Year Term ($1MM+)...............6.79%
20 Year Term (under $1MM)........7.24%
10 Year Term ($1MM+)...............6.85%
10 Year Term (under $1MM)........7.38%
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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 - 7.64% - 8.64% |
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5 Years - 7.70% - 8.70% |
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| Equipment Acquisition
or Refinance |
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5 to 10 years |
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5 Years - 7.70% - 8.70% |
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7 Years - 7.75% - 8.75% |
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10 Years - 7.80% - 8.80% |
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| Purchase/Construct or Refinance a Building |
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15 to 20 Years |
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10 Years - 7.30% - 8.60% |
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15 Years - 7.47% - 8.77% |
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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 7/17/07 |
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