SBA Announces 25-Year Debenture!
It is official. We are pleased to announce the availability of a 25 year Debenture for 504 projects that are approved on or after the date of this notice. This is in addition to the 10 and 20 year 504 Loan and Debenture that are currently available in the 504 Loan Program.
In addition, a few specifics-
- Loans approved prior to the notice date may not be extended to the longer term
- Third Party Loans for 25 year debenture must have a term of minimally ten years
- Funding for the 25 year Debenture will happen every month with the first funding anticipated to occur June or July 2018
MBFC is excited to add this 25 year Debenture to our long term fixed asset financing options. Please contact us to discuss your project.
As always, we will earn your business.