August 2018Issue 15 SBA 504 Program Provides Service for Auto Repair Business SBA 504 Effective Rates for August 2018 25-year – 5.35% / 5.40% Refi20-year – 5.30% / 5.35% Refi10-year – 5.30% / 5.36% Refi Rob and Cheryl Heerspink are the...
The First Funding of the 25-Year Debenture for the SBA 504 Loan Program On July 5th, the SBA 504 program priced its first 25-year debenture, giving small business borrowers a much sought-after option to better manage their debt service. Being able to secure...
SBA 504 Loans – Appraisal Guideline Clarifications Although the OCC, Board, and FDIC recently published a final rule that increased the appraisal threshold from $250,000 to $500,000, the Small Business Act continues to state that SBA shall require appraisals for...
2018 SBA Small Business Awards of the Washington Gala Danny House’s Speech (Condensed)Dan the SausagemanSmall Business Person of the Year “Impressive Business and Financial Accomplishments” “This is my satchel from 30 years ago, I would wear it when I...
Highlights from the 504 Program on Marijuana Businesses SBA’s additional guidance to address businesses that derive revenue from marijuana-related activities or support the end-use of marijuana. Because Federal Law prohibits the distribution and sale of marijuana,...
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