We are pleased to introduce Wessex 504 Corporation, a non-profit company certified by the Small Business Administration to originate and service SBA 504 loans.

Rate for Wessex 504 borrowers for the month of June 2014 is:

3.04% (20-yr fixed note rate)
2.0% (10-yr fixed note rate)

The innovative 504 loan program offers an affordable opportunity to business owners who are purchasing a building or capital equipment:

  • Down payment of only 10%
  • 20-year, low fixed rate on the Wessex second mortgage
    (10-year, low fixed rate for capital equipment)

At the same time, the participating bank has a more secure 50% loan-to-value with its conventional first mortgage. Everyone wins! Learn More.