a second mortgage for 30% to 40% of the total projects costs that is 100% guaranteed by the SBAįirst mortgage rates can be fixed for 25 years for certain businesses and property types and the second mortgage rate is always fixed.a first mortgage for 50% to 60% of the purchase price (or total project costs) provided by an SBA Lender.To understand how 504 interest rates are determined, one must understand the program structure. The 504 loan program offers long term fixed interest rates of up to 25 years for commercial real estate, equipment or machinery.
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