March SBA 504 Rates

Note: 10-year 504 loan fundings occur on an every other month basis. The above rate reflects the 10-year 504 rate for the March, 2024 funding.
The above rates are based on loans approved during FY 2024 ending on 9.30.2024.

Adjustments to Size Standards

Effective March 18th, the SBA will revise its size standards for 504 and 7(a) loans to adjust for inflation and expand financing options to a broader range of businesses. The updated size standards will be as follows:

Tangible Net Worth: Must not exceed $20 million, increased from $15 million
Average Net Income: After taxes, must not exceed $6.5 million over the past two years, up from $5 million
Increased Allowance in Labor Surplus Areas: Size standards will see a 25% increase when loan proceeds are utilized within a designated labor surplus area
Should your business exceed these revised size standards, you may still be eligible for SBA financing under the specific industry size standards.

Why Choose an SBA 504 Loan?

SBA 504 loans remain the premier choice for purchasing or refinancing commercial real estate due to their:

Longer terms of up to 25 years
Fixed rates, ensuring stable occupancy costs
Low down payment requirements, starting at 10%
Ability to refinance qualified debt, including 7(a) loans, under more advantageous terms with the possibility of cash-out options

Contact a TCM Loan Officer today-

Debby Gustafson 651.302.7234
Sheil Nelson 651.302.7226
Mike Kinderman 651.302.7239
Michael Kinninger 651.302.7240

Staff Directory

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Questions about a potential 504 loan?

Our lending staff can be reached at their direct numbers listed below-

Debby Gustafson 651.302.7234 debby.gustafson@tcmcdc.com
Angie Way 651.302.7228 angie.way@tcmcdc.com

Sheil Nelson 651.302.7226 sheil.nelson@tcmcdc.com
Rachel Edgar 651.302.7225 rachel.edgar@tcmcdc.com

Mike Kinderman 651.302.7239 mike.kinderman@tcmcdc.com
Samantha Horab 651.302.7232 samantha.horab@tcmcdc.com
Michael Steck 651.302.7233 michael.steck@tcmcdc.com

Michael Kinninger 651.302.7240 michael.kinninger@tcmcdc.com
Heidi Pautsch 651.302.7227 heidi.pautsch@tcmcdc.com

To reach our main office, please call 651.481.8081 or toll-free at 1.888.481.4504.

About Us
TCM has been a leader in SBA 504 financing since its inception in 1990. TCM provides SBA 504 lending throughout the state of Minnesota and select counties in Wisconsin including Polk, Barron, St. Croix, Dunn, Pierce, Pepin, Buffalo, Treapealeau, and LaCrosse. For more information about TCM and the SBA 504 financing tool, visit www.504lending.com.