10-year machinery rate: 7.14% (adjusts bi-monthly)
25-year real estate rate: 7.13%
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.
SBA 504: 94 loans outstanding, $30,237,577
DIRECT: 55 loans outstanding, $9,221,417
TOTAL: 149 loans, $39,458,994
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.