Interest Rates
SBA 504 20-Year
Fixed Interest Rate
| June | 2012 | 4.27% |
| July | 2012 | 4.23% |
| August | 2012 | 4.22% |
| September | 2012 | 4.05% |
| October | 2012 | 4.03% |
| November | 2012 | 3.95% |
| December | 2012 | 3.80% |
| January | 2013 | 3.99% |
| February | 2013 | 4.06% |
| March | 2013 | 4.07% |
| April | 2013 | 3.94% |
May: 3.93%
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SomerCor offers 90% LTV financing and below market rates on many existing real estate and equipment debt.
The 504 Loan Program is designed to help small businesses purchase capital assets such as real estate, improvements, and heavy equipment.
Learn more on how you can reinvest in your business property with help from the City of Chicago’s Small Business Improvement Fund (SBIF) program.