September 2026 SBA 504 Interest Rates
| SBA 504 Rates | SBA 504 Rates for Manufacturers | REFI SBA 504 Rates | |
| 25 Year Terms | 6.54% | 6.30% | 6.56% |
| 20 Year Terms | 6.53% | 6.28% | 6.55% |
| 10 Year Terms | 6.60% | 6.30% | 6.62% |
The current SBA 504 debenture pricing was completed on September 10, 2026. 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 the CDC, SBA, and central servicing agent; based on SBA FY26 fees. The SBA also reinstituted an upfront guaranty fee of 50 basis points for non-manufacturing projects. Rates for manufacturing businesses (primary NAICS Code in sectors 31, 32, and 33) are approximately 25 basis points lower than non-manufacturing projects due to the waiver of the annual service fee.
The U.S. Small Business Administration 504 Loan program isn’t just for the little guys – SomerCor works with several middle-market businesses to help finance their expansion. Companies with a tangible net worth of $20 million or less and an average net income after taxes not exceeding $6.5 million can qualify for SBA 504 financing.
Learn how small and mid-sized businesses can build equity and preserve capital with the SBA 504 Program’s long-term, fixed-rate financing and low down payment.
To learn more, check out this article by SomerCor EVP, Elisabeth Williams, published by the Daily Herald.
Effective October 1, 2026, the U.S. Small Business Administration (SBA) will extend fee waivers for manufacturers using the SBA 504 program. Additionally, these waivers will be expanded to businesses in rural areas and those supporting the food supply chain per SBA Information Notice 5000-881796.
For eligible businesses, the upfront guaranty fee and annual service fee will be waived. Interest rates for these businesses will be lower than non-eligible projects due to the waiver of the annual service fee.
