SBA 504 Loan & Rates Monitor – November 2023

Through the end of November 2023, loan originations under the 504 loan program are down 13.6% compared to the same point in FY2023, which represents a modest deterioration from the 13.3% decline versus the prior year measured one month ago. Although year-over-year...

SBA 504 Loan & Rates Monitor – October 2023

September 30 marks the end of the SBA’s fiscal year 2023, and loan originations under the 504 loan program concluded the year at substantially lower levels than in the prior two years. For the full fiscal year 2023, 504 loan originations are down 30.3% compared to...

The SBA 504 Program

The SBA developed the 504 Certified Development Company Loan Program (the “SBA 504 Program”) to promote economic development and create jobs. Under the SBA 504 Program, a bank, credit union, insurance company or other financial institution, including...

The Community Reinvestment Act

The Fund expects that Fund investors that are subject to examination for CRA compliance may seek favorable regulatory consideration of their Fund investment under the CRA. At the time of an investment in the Fund, an investor that meets the minimum investment...

SBA 504 Information

Looking for details about the SBA 504 program? This is where we provide information on the purpose and structure of the 504 loan program and details about how 504 loans work.