What Are SBA 504 Construction Loan Interest Rates and TermsThe video discusses interest rates and terms for an SBA 504 construction loan. The SBA portion of …
What Are SBA 504 Construction Loan Interest Rates and Terms
The video discusses interest rates and terms for an SBA 504 construction loan. The SBA portion of the loan has a fixed rate for 25 years currently at 5.88. The banks first lien is priced by the individual lender with the bank in the video offering a 33year term first three years interestonly and a prime plus one rate. The interestonly period effectively makes the interest rate 1.5 to 2 points lower. The video offers to book a call to discuss SBA financing options for various purposes such as buying a franchise or building a new office building.
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