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SBA 504 Program Debenture Rates

November 2008

  • 20 year term – Real Estate – 6.77%
  • 10 year term – Machinery & Equipment – 5.85%

Plus servicing fees as required by SBA.

New England Certified’s "Flexible Advantage" SBA 504 loans are still available for qualified small businesses through New England Certified. The SBA 504 loan program remains a great program for banks as a way to mitigate lender risk on commercial real estate financing.

And we will pay up to $2,500 toward the Bank Fee paid to SBA.

NECDC’s next generation "Flexible Advantage" SBA 504 loan program offers considerable benefits over traditional 504 loans. We’re committed to being the most creative and cost-effective SBA 504 provider in New England – guaranteed! Lowest cost and maximum flexibility including:

  • SBA Guarantee Fee on bank share waived up to $2,500.
  • Down payment financing available. We will finance down payments for qualified borrowers.
  • Bridge financing for the SBA debenture on an interim basis, if qualified, to simplify and speed up closings.
  • Working capital loan component available, if needed.
  • Streamlined, rapid approval process.
  • Lowest cost versus other alternatives.

This new program combines maximum flexibility with low cost, fixed rate loans (20 years for real estate; 10 years for machinery and equipment) in the industry. It is available in Connecticut, Massachusetts, New Hampshire, Rhode Island, and Vermont for project sizes of $500,000 and up and can be combined with our traditional business development financing options including mezzanine and equity investments, conventional loans, and SBA 7(a) loans to complete your financing package.

The SBA 504 program, for owner-occupied property, may be used for the purchase of land and buildings, new construction, renovation and leasehold improvements, and the acquisition of machinery and equipment.

For more information contact New England Certified/BDC Capital:

Liz Trifone
500 Edgewater Dr., Suite 555
Wakefield, MA 01880
phone: 781-928-1100 x102
fax: 781-928-1101
[email protected]

Carol Brennan (MA & CT)
20 Church St. Suite 1740
Hartford, CT 06103
phone: 860-218-2912
cell: 413-237-6648
[email protected]

Field Rider (ME, NH & VT)
120 Exchange St., Suite 205
Portland, ME 04101
phone: 207-773-3104
cell: 207-749-0322
[email protected]

Nancy Gibeau (South and SE MA & RI)
40 Westminster St., Suite 702
Providence, RI 02903
cell: 508-254-7891
[email protected]


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