• The October effective interest rate for a 25 year 504 loan is 5.53%, the rate for a 20 year 504 loan is 5.49%, and the rate for a 10 year 504 loan is 5.25%
  • The SBA 504 program priced its first 25 year debenture at 5.32% in July 2018.
  • On April 4, 2018 SBA has made available a 504 loan with a maturity of 25 years! This is in addition to the 10 & 20 year 504 loan. Term of Third Party loan accompanying a 25 year 504 loan must be at least 10 years, the prepayment penalty will remain at 10 years (declining), & the int. rate will be approx. 35 bps higher than the rate of the 20 year 504 loan. Any 504 project approved prior to April 2, 2018 may not be extended to 25 years.
  • SBA 504 Debt Refinance loans approved during FY2019 (10-01-2018 through 09-30-2019) "up front" Guaranty Fee will be 0.50% (50 basis points). The annual service fee will be 0.368% plus 0.027%, for a total of 0.395% (36.8 basis points plus 2.7 basis points) of the outstanding balance of the loan.
  • SBA 504 loans approved during FY2019 (10-01-2018 through 09-30-2019) "up front" SBA Guarantee Fee will be 0.50% (50 basis points) up from 0%. The annual service fee (included in the effective interest rate) will be 0.368% (36.8 basis points) of the outstanding balance of the loan, down from 0.682%.
  • IDAHO CENTRAL CREDIT UNION was named the 2018 SBA 504 Financial Institution of the Year. "Thank you", Idaho Central Credit Union for all you do to help businesses grow!
  • Clint Shiflet, Senior VP & Area Manager at Idaho Central Credit Union in Meridian, named the 2018 SBA 504 Lender of the Year. Congratulations and thank you, Clint!

Capital Matrix | Application

We have included a number of documents below that will assist you in obtaining 504 financing for your project. (These forms cannot be completed on-line.)

504 Application Forms includes a questionnaire requesting basic information about your business and your project. The forms also include a checklist of information that will be needed by your bank and Capital Matrix to evaluate your loan application.

A Business Debt Schedule will be needed as part of your application if your business currently has debt.

A Personal Financial Statement is made available for your convenience. Bank forms and other financial statement formats are acceptable.

Personal History Statement forms will be required from each owner of the business (with 20% ownership and more).

Request for Transcript of Tax Return is not required at the initial application.  (The form is made available here for banks.)

You may submit your completed application forms to your commercial banker or directly to Capital Matrix.

Contact Capital Matrix if you have questions about these forms or the application process.

Download Forms

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