The latest SBA 504 loan rates for June 2024 have been announced, and there's good news. The rates have dropped by 20 basis points from last month, offering even more favorable conditions for your business financing needs. Here are the current rates:
- 25 Year Loan: 6.35%
- 20 Year Loan: 6.44%
- 10 Year Loan: 6.89%
The SBA 504 loan program continues to provide excellent benefits, including longer terms, fixed rates once the loan is assigned, and minimal cash injection of only 10% for most deals. These features make the 504 program particularly advantageous for owner-occupied commercial real estate, refinance, construction, and equipment.
At SBA Wallet, we specialize in connecting business owners with professional SBA loan lenders who can help navigate the loan application process and secure the best possible financing options quickly.
Don't miss out on this opportunity to benefit from lower interest rates and the stable, long-term financing options offered by the SBA 504 loan program. Contact SBA Wallet today to get started on your journey towards securing the funding you need.
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