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SBA 504 Loan Appraisal Requirement Raised!

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A new law has been signed that raises the appraisal threshold for SBA 504 loans secured by commercial real estate to match the federal regulator appraisal threshold amount of $500,000.  This means an appraisal is only required on SBA 504 loans secured by commercial real estate if the estimated value of the project property is:

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