SBA 504 Current Rates & History: Loan & Refinancing Information

Effective Rates Below (fees included)

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

Loan Rates (as of September 2026)

Signup for Rates Email

25 Years:
as low as

6.54%

20 Years:
as low as

6.53%

10 Years:
as low as

6.60%

Historical Loan Rates

2026

January February March April May June July August September October November December
10 Year
5.67%
5.67%
5.61%
5.61%
5.88%
5.87%
6.19%
6.19%
6.60%
20 Year
5.91%
5.86%
5.78%
5.98%
6.01%
6.16%
6.20%
6.27%
6.53%
25 Year
5.85%
5.80%
5.72%
5.94%
5.95%
6.11%
6.17%
6.27%
6.54%

2025

January February March April May June July August September October November December
10 Year
6.64%
6.64%
6.34%
6.34%
6..20%
6.20%
6.17%
6.17%
5.77%
5.77%
5.65%
5.65%
20 Year
6.58%
6.35%
6.31%
6.45%
6.41%
6.39%
6.39%
6.25%
6.02%
6.13%
5.92%
5.88%
25 Year
6.51%
6.28%
6.24%
6.43%
6.39%
6.37%
6.37%
6.23%
6.00%
6.06%
5.86%
5.82%

2024

January February March April May June July August September October November December
10 Year
6.53%
6.53%
6.59%
6.59%
6.89%
6.89%
6.48%
6.48%
5.87%
5.82%
6.46%
6.46%
20 Year
6.42%
6.45%
6.36%
6.76%
6.65%
6.44%
6.27%
6.11%
5.83%
6.10%
6.35%
6.16%
25 Year
6.36%
6.38%
6.28%
6.69%
6.55%
6.35%
6.20%
6.04%
5.76%
6.03%
6.28%
6.09%

2023

January February March April May June July August September October November December
10 Year
6.43%
6.43%
6.77%
6.77%
6.04%
6.04%
7.06%
7.06%
7.05%
6.94%
7.21%
7.21%
20 Year
6.28%
5.98%
6.33%
5.95%
6.07%
6.38%
6.63%
6.60%
6.86%
7.18%
7.02%
6.61%
25 Year
6.31%
6.01%
6.33%
5.88%
6.02%
6.33%
6.58%
6.55%
6.81%
7.13%
7.01%
6.59%

2022

January February March April May June July August September October November December
10 Year
3.07%
3.07%
3.81%
3.81%
4.92%
4.92%
4.96%
4.96%
% 5.32
5.60%
5.6%
6.53%
20 Year
3.07%
3.45%
3.76%
4.62%
5.06%
5.13%
5.05%
4.89%
5.34%
6.36%
6.23%
6.03%
25 Year
3.21%
3.59%
3.93%
4.68%
5.12%
5.19%
5.11%
4.98%
5.44%
6.43%
6.53%
6.11%

2021

January February March April May June July August September October November December
10 Year
2.254%
2.254%
2.700%
2.700%
2.623%
2.623%
2.604%
2.604%
2.687%
2.687%
2.79%
2.79%
20 Year
2.496%
2.558%
3.002%
3.021%
2.849%
2.770%
2.699%
2.748%
2.860%
3.021%
2.77%
2.88%
25 Year
2.540%
2.602%
3.048%
3.077%
2.936%
2.887%
2.817%
2.866%
2.977%
3.157%
2.92%
3.02%

2020

January February March April May June July August September October November December
20 Year
3.629%
3.388%
2.804%
2.955%
2.683%
2.522%
2.341%
2.214%
2.366%
2.396%
2.364%
2.427%
25 Year
3.710%
3.460%
2.878%
3.029%
2.758%
2.597%
2.406%
2.269%
2.410%
2.430%
2.399%
2.471%

2019

January February March April May June July August September October November December
20 Year
4.751%
4.641%
4.581%
4.360%
4.260%
3.978%
3.908%
3.526%
3.355%
3.398%
3.679%
3.579%
25 Year
4.877%
4.767
4.737%
4.527%
4.387%
4.086%
4.006%
3.626%
3.455%
3.480%
3.740%
3.640%

2018

January February March April May June July August September October November December
20 Year
4.64%
4.94%
4.92%
5.024%
5.214%
5.314%
5.254%
5.294%
5.244%
5.153%
5.253%
4.922%
25 Year
5.316%
5.346%
5.286%
5.207%
5.317%
4.987%

2017

January February March April May June July August September October November December
20 Year
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

January February March April May June July August September October November December
20 Year
4.82%
4.31%
4.54%
4.30%
4.31%
4.22%
4.08%
4.09%
4.08%
3.99%
4.35%
4.59%

2015

January February March April May June July August September October November December
20 Year
4.59%
4.53%
4.79%
4.58%
4.84%
5.05%
4.95%
4.89%
4.89%
4.76%
4.74%
4.86%