SBA 504 UPDATE – July Rates

TCM Receives SBA Recognition
TCM’s lending staff was recently recognized as one of the top 9 CDCs in the country in terms of the quality of loan application submissions to SBA’s Sacramento Loan Processing Center. With the volume of 504 loan requests at historic highs, SBA’s turnaround time has suffered, so it’s more important than ever to avoid the delays of a screen out.

The combination of a low equity requirement, terms up to 25 years, and fixed rates at historic lows, makes the 504 program better than ever. In addition to financing the purchase or expansion of commercial real estate, 504 loans may also be used to refinance conventional real estate and equipment loans. For more information, please contact a TCM loan officer.

Note: 10-year 504 loan fundings occur on an every other month basis. The above rate reflects the 10-year 504 rate for the May, 2021 funding.

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Staff Directory

Contact Us

Our loan officers listed below can be reached at 651.481.8081 or toll-free at 1.888.481.4504.

Debby Gustafson, ext.34 debby.gustafson@tcmcdc.com
Angie Way, ext. 18 angie.way@tcmcdc.com

Sheil Nelson, ext.16 sheil.nelson@tcmcdc.com
Rachel Edgar, ext. 25 rachel.edgar@tcmcdc.com

Mike Kinderman, ext. 32 mike.kinderman@tcmcdc.com
Heidi Pautsch, ext. 14 heidi.pautsch@tcmcdc.com

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.