SBA 504 Loan Rates

SBA 504 Rates and History

Effective rates below include fees to CDC, SBA and central serving agent based on debenture pricing published by NADCO.

2025	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
25 Year SBA 504	6.512	6.283	6.243	6.432
20 Year SBA 504	6.581	6.350	6.310	6.450
10 Year SBA 504	6.642	6.642	6.337	6.337
25 Year Refi SBA 504	6.541	6.312	6.272	6.461
20 Year Refi SBA 504	6.611	6.380	6.340	6.480

2024	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
25 Year SBA 504	6.361	6.381	6.281	6.690	6.550	6.351	6.201	6.041	5.762	6.033	6.283	6.093
20 Year SBA 504	6.420	6.490	6.360	6.760	6.650	6.440	6.270	6.110	5.829	6.100	6.350	6.160
10 Year SBA 504	6.526	6.526	6.587	6.587	6.892	6.892	6.476	6.476	5.865	5.865	6.459	6.459
25 Year Refi SBA 504	6.390	6.410	6.310	6.719	6.382	6.382	6.230	6.070	5.791	6.062	6.312	6.122
20 Year Refi SBA 504	6.450	6.520	6.390	6.790	6.479	6.470	6.300	6.140	5.859	6.130	6.380	6.190

2023	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
25 Year SBA 504	6.310	6.010	6.329	5.880	6.020	6.329	6.579	6.549	6.808	7.129	7.019	6.590
20 Year SBA 504	6.282	5.982	6.332	5.952	6.072	6.381	6.632	6.602	6.862	7.180	7.020	6.610
10 Year SBA 504	6.433	6.433	6.768	6.768	6.036	6.036	7.063	7.063	7.052	7.052	7.207	7.207
25 Year Refi SBA 504	6.327	6.028	6.347	5.898	6.038	6.347	6.597	6.567	6.826	7.158	7.048	6.619
20 Year Refi SBA 504	6.300	6.000	6.350	5.970	6.090	6.400	6.650	6.620	6.880	7.210	7.050	6.640

2022	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
25 Year SBA 504	3.213	3.594	3.925	4.676	5.117	5.187	5.107	4.977	5.437	6.439	6.529	6.110
20 Year SBA 504	3.067	3.449	3.761	4.615	5.057	5.127	5.047	4.886	5.338	6.362	6.452	6.032
10 Year SBA 504	3.070	3.070	3.807	3.807	4.922	4.922	4.962	4.962	5.320	5.598	6.534	6.534
25 Year Refi SBA 504	3.227	3.608	3.939	4.690	5.130	5.20	5.120	4.990	5.450	6.457	6.547	6.128
20 Year Refi SBA 504	3.081	3.463	3.775	4.629	5.071	5.141	5.061	4.900	5.352	6.380	6.470	6.050

2021	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
25 Year SBA 504	2.692	2.752	3.043	3.073	2.933	2.883	2.813	2.863	2.973	2.912	2.922	3.023
20 Year SBA 504	2.653	2.714	2.995	3.016	2.845	2.764	2.694	2.744	2.855	2.765	2.775	2.875
10 Year SBA 504	2.438	2.438	2.684	2.684	2.612	2.612	2.591	2.591	2.673	2.372	2.793	2.793
25 Year Refi SBA 504	2.733	2.794	3.084	3.114	2.974	2.924	2.854	2.904	3.014	2.926	2.936	3.036
20 Year Refi SBA 504	2.696	2.757	3.038	3.058	2.887	2.807	2.737	2.787	2.898	2.779	2.789	2.889

2020	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
25 Year SBA 504	3.710	3.460	2.878	3.029	2.758	2.597	2.406	2.66	2.406	2.582	2.552	2.622
20 Year SBA 504	3.639	3.388	2.804	2.955	2.683	2.522	2.341	2.210	2.361	2.553	2.523	2.583

2019	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
25 Year SBA 504	4.877	4.767	4.737	4.527	2.758	2.597	2.406	2.66	2.406	2.582	2.552	2.622
20 Year SBA 504	4.751	4.767	4.581	4.360	2.683	2.522	2.341	2.210	2.361	2.553	2.523	2.583

2018	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
25 Year SBA 504							5.316	5.346	5.286	5.207	5.317	4.987
20 Year SBA 504	4.64	4.94	4.92	5.024	5.214	5.314	5.254	5.294	5.244	5.153	5.253	4.922

2017	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
20 Year SBA 504	4.58	4.60	4.83	4.62	4.66	4.59	4.76	4.53	4.37	4.57	4.51	4.50

2016	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
20 Year SBA 504	4.82	4.31	4.54	4.54	4.31	4.22	4.08	4.08	4.09	3.99	4.35	4.59

2015	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
20 Year SBA 504	4.59	4.53	4.79	4.58	4.84	5.05	4.95	4.89	4.89	4.76	4.74	4.86

2014	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
20 Year SBA 504	5.53	5.30	5.28	5.18	5.07	5.06	4.94	4.95	4.99	4.81	4.87	4.77

2013	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
20 Year SBA 504	4.20	4.28	4.29	4.15	4.14	4.52	5.22	5.23	5.69	5.44	5.45	5.45

2012	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
20 Year SBA 504	4.83	4.70	4.79	4.74	4.45	4.49	4.45	4.44	4.27	4.25	4.16	4.00

2011	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
20 Year SBA 504	5.73	6.06	5.93	5.89	5.63	5.51	5.58	5.13	4.69	4.83	4.94	4.94

2010	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
20 Year SBA 504	5.79	5.55	5.6	5.77	5.52	5.29	5.21	4.93	4.62	4.95	5.09	5.56

2009	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
20 Year SBA 504	6.66	5.70	5.6	5.25	5.37	5.89	5.24	5.39	5.14	5.14	5.5	5.46

2008	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
20 Year SBA 504	6.14	6.13	6.46	6.34	6.46	6.65	6.84	6.99	6.57	6.57	7.72	7.17

2007	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
20 Year SBA 504	6.29	6.26	6.2	6.29	6.28	6.28	6.79	6.75	6.53	6.54	6.48	6.26

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