The program provides businesses with long-term, fixed-rate financing for major fixed assets, such as land and buildings.
Provides growing businesses with long-term, fixed-rate financing for major fixed assets, such as land and buildings.
The 504 Certified Development Program provides growing businesses with long-term, fixed-rate financing from major fixed assets such as land and buildings, equipment, those kinds of things.
Housing specialists agree that many more lending outlets - offering long-term, fixed-rate financing - are needed to service developers and owners of affordable housing.
We don't see them meeting the needs of the community -we need long-term, fixed-rate financing to stabilize the community and its housing.
The Connecticut Housing Finance Authority provides fixed-rate financing for such units starting at 7 percent, with the rate rising according to income.
The 504 Program accomplishes this by providing small businesses with long-term, fixed-rate financing to acquire major fixed assets for expansion or modernization.
Many lenders this year began offering what they call "graduated payment" loans that feature low first-year payments on fixed-rate financing.
Another result, experts said, would be renewed interest in adjustable-rate loans, which are still being offered with initial rates 1 percent to 1.5 percentage points below fixed-rate financing.
Right now, the institution is providing 30-year fixed-rate financing at 11.50 percent, and a 15-year fixed-rate mortgage at 11 percent.
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