The Development Company
299 E. 4th N.
Rexburg, ID 83440
Ph: (208) 356-4525
Fax: (208) 356-4544

      Terms for SBA 504 loans are either 10 or 20 years. For projects where the amount of real property exceeds 50% of the total project, 20 years is the term, unless otherwise desired.  For projects where the amount of machinery and equipment or furnishings and fixtures exceeds 50% of the total project, 10 years is the only term available.

      Interest rates are based on the 5 and 10 year Treasury Bill rates. Those rates are then negotiated with the investors who will purchase the Debenture, and a small spread is added. The following is a chart of the current rates for the last quarter on 20 year Debentures:

      

20-Year Bonds Issue Date Treasury Rate Spread Debenture Rate Jun-06 5.04 0.78 5.82 Jul-06 5.23 0.84 6.07 Aug-06 4.93 0.77 5.70 Sep-06 4.76 0.78 5.54 Oct-06 4.61 0.76 5.37 10-Year Bonds       May-06 5.01 0.67 5.68 Jul-06 5.19 0.75 5.94 Sep-06 4.71 0.66 5.37