504 Rates

Over the last several years, the rate on 504 20-year loans has remained fairly consistent. The fixed rate is great news for businesses in our region. This very attractive rate that, combined with its long term, should contribute to continued strong demand for the 504. Small businesses of all types find that the 504 program is the preferred way to structure their fixed asset needs.

The effective note rate on 10 and 20-year debentures during the past year are as follows:

Date
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
10 Year
4.16%
 
4.60%
 
4.60%
 
4.91%
 
4.15%
 
4.25%
 
4.37%
20 Year
5.21%
5.29%
5.52%
5.77%
5.60%
5.55%
5.79%
5.46%
5.03%
4.86%
5.14%
5.39%
5.24%