The SBA announced the updated interest rates for the 504 Loan Program offered by Certified Development Companies (CDC). Small businesses can now apply for the lowest interest rates since July 2018 as the program is now allowing 20 and 25-year interest rates at 2.214% and 2.269%, respectively. “These interest rates and maturities are going to allow businesses to grow or expand their businesses while insulating them with a very manageable monthly payment,” said Mark S. Hayward, SBA District Director. “Certified Development Companies are the lifeblood of the 504 Loan Program. These longer terms and very low interest rates are going to allow entrepreneurs to truly invest in their businesses.” he added.
