SBA 504 Rate Information

504 Debenture Rates

504 Rate History

The SBA 504 program offers small businesses an opportunity to secure long-term funding at fixed rates from the public capital markets. This is made possible through the sale of government-guaranteed loan pools on a monthly basis. By securitizing these loans, the government creates attractive investment options that result in cost-effective fixed-rate funding for small business owners.

SBA 504 Rate Information

  • The interest rate is pegged to an increment above the 10-year treasury yield on 20 and 25-year debentures, and over the 5-year treasury yield on 10-year debentures.
  • In addition to the loan’s interest, the 504 effective rate includes ongoing servicing fees to the  SBA (.364% or .389% for refinance), CDC (.625%), and Central Servicing Agent (.100%).
  • Once your 504 Debenture/Loan is funded, you will receive an amortization schedule that details each monthly payment, including the principal, interest, and fees for the duration of the loan. The fees are recalculated every 5 years based on the current loan balance, resulting in a decrease in the monthly payment at 5-year intervals.
  • When you apply for a 504 loan, we will calculate your payments based on the most up-to-date rates available.

2024

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
25 Year SBA 504 6.366 6.385 6.285 6.695 6.56  6.35 6.21     
20 Year SBA 504 6.427 6.496 6.365 6.767 6.66  6.45  6.28    
10 Year SBA 504 6.544 6.544 6.601 6.601 6.91  6.91 6.49    
25 Year Refi SBA 504 6.395 6.414 6.314 6.724 6.59 6.38  6.24    
20 Year Refi SBA 504 6.457 6.52 6.395 7.249 — 6.48  6.31  

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 6.334  6.583  6.554  6.812  7.129 7.02 6.594
20 Year SBA 504 6.282 5.982 6.332 5.952 6.072 6.388  6.637  6.609  6.867  7.180 7.02 6.61
10 Year SBA 504 6.433 6.433 6.768 6.768 6.036 6.036  7.076  7.076  7.067  7.067 7.21 7.21
25 Year Refi SBA 504 6.327 6.028 6.347 5.898 6.038 6.352  6.601  6.572  6.830  7.147 7.05 6.62
20 Year Refi SBA 504 6.300 6.000 6.350 5.970 6.090 6.406  6.655  6.627  6.886  7.199 7.05 6.64

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

For additional information on the funding process see Eagle Compliance, Fiscal/Selling Agent for the SBA. https://www.eaglecompliance504.com/