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The information provided by these calculators is for illustrative purposes only and accuracy is not guaranteed. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a BLP financial professional prior to relying on the results.

This calculator does not have the ability to pre-qualify you for any loan program. Qualification for loan programs may require additional information such as credit scores and cash reserves which is not gathered in this calculator. Information such as interest rates and pricing are subject to change at any time and without notice. This calculator does not calculate the Annual Percentage Rate or Average Prime Offer Rates. BLP does not guarantee any of the information obtained by this calculator.

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January 2023 SBA 504 Rates

Current interest rates for SBA 504 loans as of January, 2023

10-YR SBA 504 FIXED RATE

6.17%

10-year, standard SBA 504 project

20-YR SBA 504 FIXED RATE

6.29%

20-year, standard SBA 504 project

25-YR SBA 504 FIXED RATE

6.31%

25-year, standard SBA 504 project

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DID YOU KNOW...?

Previously, 504 debt refinance was only available for complete refinancing of buildings and equipment, or could be used on a limited basis as part of an expansion project. The amount of refinancing that can now be included with an expansion project has doubled. The new rules also allow for refinancing federally guaranteed loans that were used for an eligible project.


For example, businesses that used an SBA 7(a) loan to purchase equipment or real estate can now refinance that debt using the 504 program to enjoy a lower, fixed interest rate.

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BROWN FAMILY CHIROPRACTIC EXPANDS BY PURCHASING MOUNT PLEASANT BUILDING

The SBA 504 at work in your local community

Mount Pleasant, WI — Following nearly 10 years of building clientele, advancing the practice, and leasing space, Dr. Sally Brown and her daughter, Dr. Tera Pfarr, purchased a 6,000-sf building to expand the business operations of Brown Family Chiropractic in the Village of Mount Pleasant.

 

Utilizing the Small Business Administration (SBA) 504 loan program, the mother-daughter owners partnered with Town Bank to finance the purchase of the land and the building as well as renovations to their new property at 6420 Bankers Road. Business Lending Partners (BLP), the financial team at the Racine County Economic Development Corporation (RCEDC), administered the loan.

 

Josh Sopczak – Vice President of Business Banking at Town Bank, part of Wintrust Community Bank – said, “The 504 program allows us to take a chance on businesses that we believe in and that we believe are going to create an impact in the community.”

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