Loan Rate Data
April Rates
504 Loan
25 Year Term - 6.690%
20 Year Term - 6.760%
10 Year Term - 6.587%
Refinance 504 Loan
25 Year Term - 6.719%
20 Year Term - 6.790%
The Funding Process
Closing must be scheduled 60 days before the targeted funding date.
It takes approximately 30 days for Mid State to obtain all the necessary documents, in order to submit for funding.
The SBA requires Mid State to submit all closing documents by the closing due date, in order to be funded on the targeted funding date.
SBA 504 Loan Rates vary month by month and are released on the first Friday of each month. Once released, Mid State works diligently to bring all information up-to-date.
Once the borrower has obtained a certificate of occupancy, and all tentative improvements or construction as been completed (if any), then Mid State will proceed to fund the loan within the next funding cycle available.