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:

Month/Year

10 - year

20 - year

April 2007   6.29
May 2007 6.36 6.28
June 2007   6.68
July 2007 6.85 6.79
August 2007   6.75
September 2007 6.50 6.53
October 2007   6.54
November 2007 6.37 6.48
December 2007   6.26
January 2008 5.79 6.14
February 2008   6.13
March 2008 5.82 6.46
April 2008   6.34


For more information on 504 rates, email us at info@prairielandedc.com.

 

 


Prairieland Economic Development Corporation
1 Prairie Drive, Slayton, MN 56172
Phone: (507) 836-6656
4120 S. Minnesota Ave., Suite 3, Sioux Falls, SD 57105
Phone: (605) 335-7332
Toll Free: (800) 507-9003, Fax: (507) 836-6309
info@prairielandedc.com
© 2008 Prairieland EDC