Over 28,000 jobs have been created and/or retained by borrowers who have closed SBA 504 loans with Amplio
Expanding Possibilities For Business
Amplio is a non-profit certified development company whose mission is to help small businesses obtain financing for job creation, to fund business expansion and to promote economic development throughout the state of Minnesota and nine counties in western Wisconsin.
What is an SBA 504 Loan?
A fixed-rate term loan from Amplio where the SBA provides as much as 40% of the loan principal for land, buildings, machinery & equipment, and related soft costs (such as appraisal and environmental reports and title insurance fees).
CURRENT SBA
504 RATES
25-year term – 5.805%
20-year term – 5.867%
10-year term – 5.674%
CURRENT SBA
504 REFINANCE RATES
25-year term – 5.808%
20-year term – 5.870%
10-year term – 5.678%
The Latest From Amplio
Shop Local: Amplio Team Visits Karol Coffee Co.
As part of Minnesota's Shop Local initiative, Amplio's new CEO, Brian McDonald, and loan officer, Andy Clausen, recently joined lending partners Carrie Frost and Isaac Rakke from Bank Cherokee on a visit to Karol Coffee Co. in St. Paul, Minnesota.
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Amplio Names Brian McDonald As New CEO
After an in-depth search process, Amplio’s Board of Directors has named Brian McDonald as the company’s new CEO.
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Amplio Receives Certified Development Company Job Creation Award
Amplio Economic Development Corporation (Amplio) is honored to be recognized by the U. S. Small Business Administration’s (SBA) Minnesota District Office with its Certified Development Company Job Creation Award!
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