504 Loan Rates and Fees

 

Interest rates:


Interest rates for commercial real estate and equipment 504 loans are set once-a-month and are fully amortized over the course of the loan.


The 20 year fixed interest rate for 504 loans that funded in March is 4.827%.


The twenty-year interest rate for the standalone 504 REFINANCE program was 4.869% .


The 10 year fixed interest rate for 504 loans that funded in March is 4.817%.


The comparable interest rate for a 10 year standalone 504 refinance loans was 4.867%.


Fees:


There are generally four fees that small business borrowers pay when closing a 504 loan:


  1. A one-time origination fee of 2.15 percent of the 504 portion of the loan

  2. A one-time bank participation fee of .5 percent of the loan amount

  3. Attorney closing costs of roughly $2,500

  4. Recording and title costs (typically financed as part of the loan)