10-year machinery rate: 6.71% (adjusts bi-monthly)
25-year real estate rate: 6.75%
The rates are set monthly by SBA's investment bank, Wells Fargo, after review of market rates.
Effective rate means the total annual interest rate with all components (investor debenture rate, SBA fee, servicing agent fee and CRDC fee.
September 30, 2022 Fiscal Year End Lending
All Loans Approved: 26 loans: $13,259,500 (Many approved loans carry over into the next fiscal year to close or fund.)
SBA 504: 19 loans authorized: $9,918,000
The above are totals of direct and SBA 504 loans.
Capital Regional Development Council Practices Equal Treatment of Clients
CRDC does not discriminate on the basis of race, color, religion, sex, marital status, disability, age or national origin in services or accommodations offered or provided to our employees, clients or guests. These policies and this notice comply with regulations of the United States Government. Violations of this policy may be mailed to: Administrator, Small Business Administration, Washington, D.C. 20416.