Rate of Interest

The rate is determined by market at the sale of a participation in a pool of government guaranteed securities. The rate is fixed for the term of the SBA/GSDC loan. The rule of thumb in projecting a rate is: 10 year Treasury rates plus 175 basis points.

Market rates are allowed on the private lending portion (50% of project).

Current Rate (As of June 2008 Funding)

5.758% - (Note Rate)
1.121% - (Servicing Fees)
6.879% - (Effective Rate)

Application Process

If interested please (contact) the Granite State Development Corporation.

Application process (information) you will need to submit.