SBA 504 Loan Performance

In a week that saw continued strength in equities and a late spike in Treasury rates, it is important to note how the 504 loan program is delivering fixed rate funding for small business borrowers at rates significantly below the Prime Rate.

On Thursday the 504 program priced its 20 and 25 year debentures at rates that continue to decline and more importantly, at ongoing effective rates that are dramatically lower than banks’ base lending rate. Of particular interest is that 46% of the $360,347,000 total that was funded was in the program’s relatively new 25-year maturity. The growth in demand for this maturity has steadily risen since its introduction in July 2018, and now totals 940 loans for $786,957,000.

The commentary above is provided by Eagle Compliance, LLC (Eagle). Eagle is responsible for the marketing, pricing, and sale of the certificates (debentures) sold to investors to fund the SBA 504 Loan Program.

Fundings for 10-year 504 loans are provided on an every other month basis. The effective rate above represents the March, 2019 funding.

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Our loan officers listed below can be reached at 651.481.8081 or toll-free at 1.888.481.4504

Debby Gustafson, ext.34
Angie Way, ext. 18

Sheil Nelson, ext.16
Rachel Edgar, ext. 25

Mike Kinderman, ext. 32 
Heidi Pautsch, ext. 14

About Us
TCM has been a leader in SBA 504 financing since its inception in 1990. TCM provides SBA 504 lending throughout the state of Minnesota and select counties in Wisconsin including Polk, Barron, St. Croix, Dunn, Pierce, Pepin, Buffalo, Treapealeau, and LaCrosse. For more information about TCM and the SBA 504 financing tool, visit

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