California Statewide CDC

California Statewide CDC Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from California Statewide CDC, Nonprofit Organization, 500 Capitol Mall, Suite 2350, Sacramento, CA.

06/06/2024

The full-term effective fixed interest rate for SBA 504 loans closing in June 2024 is:

Purchase/Construction
25-Year: 6.35%
20-Year: 6.44%
10-Year: 6.89%

Refinance
25-Year: 6.38%
20-Year: 6.47%
10-Year: 6.93%

10-year debenture funded in May 2024 (closing and rate offered every other month).

Please contact a Statewide CDC market representative to assist you with your SBA 504 needs!

California Statewide CDC Welcomes Summer Jeffus to the Team!We are pleased to introduce Summer Jeffus, who has joined us...
05/24/2024

California Statewide CDC Welcomes Summer Jeffus to the Team!

We are pleased to introduce Summer Jeffus, who has joined us as the Vice President, Business Development Officer, and Marketing Manager. Summer will play a significant role in providing business development and marketing support to California Statewide CDC's East Bay and Napa region. With over 15 years of experience in financial business development and promotions in Commercial Real Estate lending, Small Business Administration (SBA), and Retail Banking, Summer brings a wealth of knowledge and experience to our team.

Read more - https://conta.cc/3QU9Cwq

05/14/2024

Did You Know?

The SBA 504 program provides an option to go green to support larger projects and unlimited access to multiple deals.

SBA Expands the Green Loan Program
SBA has released Procedural Notice 5000-856984 effective April 30, 2024, amending SOP 50-10-7.1 to remove the $16.5 million cap on Energy Public Policy projects financed in the 504 Loan Program.

What this means?
Energy Public Policy projects are defined as:

Projects for the reduction of existing energy consumption by at least 10%.
Projects where renewable energy sources generate more than 15% of energy used at Project Facility.
Projects with increased use of sustainable designs, including designs that reduce the use of greenhouse gas emitting fossil fuels or low-impact design to produce buildings that reduce the use of non-renewable resources and minimize environmental impact.

Previously under the Green Loan Program, small businesses seeking financing for commercial real estate loans that qualify as Energy Public Policy projects could secure multiple SBA 504 Green Loans, each with the maximum of $5.5 million and an aggregate not to exceed $16.5 million in SBA financing.

With this change the $16.5 million aggregate cap is removed, and small business has access to almost unlimited SBA 504 Green Loan funding. This means more deals, and larger deals, and without the hassle of borrowers running up against cap.

Contact a Statewide loan specialist for more information.

05/09/2024

The full-term effective fixed interest rate for SBA 504 loans closing in May 2024 is:

Purchase/Construction

25-Year: 6.55%
20-Year: 6.65%
10-Year: 6.89%

Refinance

25-Year: 6.58%
20-Year: 6.68%
10-Year: 6.93%

Please contact a California Statewide CDC market representative to assist you with your SBA 504 needs!

Best Regards,

The California Statewide CDC Market Team

04/16/2024

Testimonial

“The whole California Statewide team has been great to work with. We provide strategic property solutions for our clients and working with Cal Statewide has made the process smoother. Their SBA loan knowledge is unsurpassed, they solves issues quickly and most importantly, they are very creative with ideas to make loan transactions work for our clients.”

Todd Holley, Senior Vice President and Partner, Voit Real Estate Services

04/11/2024

SBA 504 Rate Update

The full-term effective fixed interest rate for SBA 504 loans closing in April 2024 is:

Purchase/Construction
25-Year: 6.69%
20-Year: 6.76%
10-Year: 6.58%

Refinance
25-Year: 6.71%
20-Year: 6.79%
10-Year: 6.62%

10-year debenture funded in March 2024 (closing and rate offered every other month).

Please contact a California Statewide CDC market representative to assist you with your SBA 504 needs!

03/07/2024

The full-term effective fixed interest rate for SBA 504 loans closing in March 2024 is:

Purchase/Construction
25-Year: 6.28%
20-Year: 6.36%
10-Year: 6.59%

Refinance
25-Year: 6.31%
20-Year: 6.39%
10-Year: 6.62%

Please contact a California Statewide CDC market representative to assist you with your SBA 504 needs!

Best Regards,

The California Statewide CDC Market Team

Address

500 Capitol Mall, Suite 2350
Sacramento, CA
95814

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