July 2018 – SBA 504

CURRENT RATES
25-Year Fixed 5.32% (NEW)
20-Year Fixed 5.26%
10-Year Fixed 5.30%

First Funding of the New 25-Year Debenture

Today marks the first funding of the new 25-year 504 Loan.

The new 504 Loan term complements the 10- and 20-year 504 Loan Debentures that have been available since 1986. The 25-year option is available for new loan applications approved after April 2. The effective rate of 5.32% is just 6 basis points higher than the 20-year rate which came in at 5.26%.

The 25-year option gives small business borrowers a tool to better manage their debt service by providing longer maturity with lower monthly payments and improved cash flow. This new option will help businesses by relieving any potential cash flow issues while minimizing the risk of rate hikes. In addition, with the 504’s low, fixed interest rates, and a longer amortization, priority can be given to any other, higher-interest debt repayments that may currently exist.

For more information about the 25-year option or any SBA 504 loan, please contact a TCM Loan Officer today!

Contact A Loan Officer Today

Staff Directory

Contact Us

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

Debby Gustafson, ext.34 debby.gustafson@tcmcdc.com
Angie Way, ext. 18 angie.way@tcmcdc.com

Sheil Nelson, ext.16 sheil.nelson@tcmcdc.com
Rachel Edgar, ext. 25 rachel.edgar@tcmcdc.com

Mike Kinderman, ext. 32 mike.kinderman@tcmcdc.com
Heidi Pautsch, ext. 14 heidi.pautsch@tcmcdc.com

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 www.504lending.com.