July Effective Rates
10 year 2.387%, 20 year 2.341%, 25 year 2.406%
For existing borrowers SBA is paying principle, interest and all fees starting 4/1/2020 to 9/1/2020. This is complete debt relief and SBA will not require any type of catch up plan.
SBA will also automatically pay the principle, interest and fees of NEW 504 loans prior to September 27, 2020!