December 2023 SBA 504 Interest Rates

The December 2023 SBA 504 debenture pricing was completed on December 7, 2023.

25 Year Term 6.59% | 20 Year Term 6.61%

The SBA offers a 504 Loan with a 25-year maturity for the acquisition of owner-occupied commercial real estate and related costs. This is in addition to the 10 and 20 year loans currently available in the 504 Loan Program. Loans are typically eligible for up to 90% financing of project costs. Rates include monthly servicing fees to CDC, SBA, and central servicing agent; based on SBA FY24 fees. SBA 504 refi rates are approximately 3 basis points higher than debenture pricing noted above.

Are you up to speed on the latest enhancements to the SBA 504 program? Learn more about updates by the U.S. Small Business Administration to ALP Express and changes to the 504 refinance option that just went into effect last month. Reach out to a member of the SomerCor origination team today for more information on how the 504 program can be a win-win for both lenders and small business borrowers, especially in times of economic uncertainty.