Small Business Finance Corp

Information may not be reliable

Welcome to CEDCO Small Business Finance Corporation

Our October 2010 EFFECTIVE FIXED RATE OF INTEREST FOR THE
TWENTY-YEAR SBA 504 REAL ESTATE LOAN IS

Our September 2010 EFFECTIVE FIXED RATE OF INTEREST FOR THE
TEN-YEAR SBA 504 EQUIPMENT LOAN IS

*This rate applies to loans that fund this month which have SBA Debenture Authorizations issued after October 2009. For loans funding in August with authorizations that were issued before October 2009, the rate is 4.147% for real estate and 3.147% for equipment.

**Equipment loans only fund in odd months.

All of these rates include CEDCO's and SBA's fees.

THE SMALL BUSINESS JOBS ACT IS NOW LAW!
President Obama signed the Small Business Jobs Act Sept. 27 that makes SBA-504 loans even more attractive to banks and borrowers.
Changes That Take Effect Right Away:

The ARRA fee reductions are extended: 504 fee waivers for banks (.5%) and borrowers (1.5%) were extended through Dec. 31, 2010, or until the $505 million appropriated is used.

Changes That Take Effect In the Coming Weeks:
Increased Loan Maximum: 504 maximum loan size will permanently increased to $5 million per borrower ($5.5 million for manufacturers and energy loans)
Debt Refinancing: for the next 2 years, 504s can be used to refinance real estate loans coming due on owner-occupied commercial property. This enables refinancing of qualified existing debt without business expansion
Alternative Size Standard: A new interim standard of maximum tangible net worth of $15 million and 2-year average net income after federal income tax of $5 million will apply to both the 504 and 7(a) programs; the SBA will develop new permanent standards that will apply to both programs
First Mortgage Pooling program: The first-mortgage pooling program is extended by two years (at least through Sept. 2012)

GREEN YOUR BIZ!
504 LOANS NOW HELP FUND ENERGY EFFICIENCY IMPROVEMENTS!
Small businesses may qualify for larger SBA-504 loans on commercial real estate up to $4 million under new SBA energy goals.
504 financing used to purchase, construct, convert or expand a building need only meet one of these three goals:

Reduce energy consumption by at least 10%, OR

Make use of renewable or green building standards, OR

Generate renewable energy or renewable fuels

Prequalification Packet (abbreviated application)

Other forms, including--
Personal Financial Statement (SBA form)
SBA Statement of Personal History

Front Range, Eastern Plains and Mountains (303) 893-8989

Four Corners including New Mexico (800) 843-8852

Kay at (303) 893-8989 ext. 107 kay@cedco.org

Karen at (303) 893-8989 ext. 103 karen@cedco.org
Donna at (303) 893-8989 ext. 106 donna@cedco.org

Bill at (303) 893-8989 ext. 102 bill@cedco.org