Current Rate - May-12
4.46% 20 year rate 4.67% 20 year RFI
3.75% 10 year rate 3.99% 10 year RFI

May-12

20-year Term: 4.46%
10-year Term: 3.75%

20-year Term RFI: 4.67%
10-year Term RFI:3.99%

See rate history

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SBA 504 Loans
March 2011 Newsletter

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Current Rates

20-year rate: 5.93%

20-year refinance rate: 6.22% 

10-year rate: 4.90%

10-year refinance rate: 5.19% 

  

EDF Contacts

Ph.  616-459-4825
Fax 616-458-5736
TF  888-330-1776

  

Sandy Bloem   

Executive Director

sandy@growmichigan.com  

 

Bradd Pierce

Loan Officer

bradd@growmichigan.com   

 

Gary Witkowski

Relationship Manager

gary@growmichigan.com  

 

Seth Beals

Relationship Manager

seth@growmichigan.com  

 

Kecia Flynn

Portfolio Manager

kecia@growmichigan.com  

 

Abbey Byrne

Closing Manager

abbey@growmichigan.com
 
Jill Dean

Administrative Assistant

jill@growmichigan.com  

March's SBA 504 20-year effective rate is 5.93%.  10-year bonds were also sold this month with an effective rate of 4.90%. (Rates may vary slightly based on approval date.)

 

In this edition - Invitation to the EDF Refinance Forum and information regarding the upcoming Michigan SBA Lender's Conference.  See below.

EDF Refinance Forum

EDF has scheduled a refinance forum this Wednesday in Traverse City. The forum will cover the newly implemented SBA 504 refinance guidelines. This forum is open to anyone interested in learning more about the SBA 504 program.

  

The meeting agenda will be as follows:

·         SBA 504 Overview

·         Refinance Overview

·         Eligibility Guidelines

·         Structure

·         Qualifying checklist

·         Examples

 

Immediately following the forum, EDF staff will be available to answer individual questions and review any potential opportunities.

 

Below is the scheduled location and time:

  • March 16 - Traverse City Chamber of Commerce; 11:30 - 12:30

 

There is still time to sign up!  Contact Bradd or Gary to RSVP via phone or email.  Please join us for this opportunity to learn more about refinancing using the SBA 504 Program.

 

Michigan SBA Lender's Conference 2011

The date for the 2011 SBA Lender's Conference has been set.  Please join the SBA staff and all the CDCs from Michigan on March 31, 2011 for this year's conference.

 

As in years past, the conference will be held at the Kellogg Center in Lansing.  Topics will include recent changes in the 7(a) and 504 Loan Programs, along with other related subjects.

 

Please see the link below for registration:

 

2011 SBA Lenders Conference 

 

"Financing Growing Businesses in Michigan Since 1981"