SBA 504 Rates Heading Lower (Again)

504 loan rates have headed back down after drifting upwards earlier in the year.

The current rate for the 504 20 year fixed rate second mortgage for real estate is 5.21%.  (10 year fixed rates which are typically used for SBA Equipment loans are at 4.60%).

504 rates have hovered near 6% for the better part of the last 4 years reaching a high of approximately 7.75% in December of 2008 and a low of approx 4.9% in November of 2009.

There is hope that with rates remaining at all time lows (and with the re-creation of the first lien secondary market) that SBA 504 loans will be easier to obtain.