April 2026 SBA 504 Interest Rates
| 25 Year Terms | 20 Year Terms | 10 Year Terms | |
| SBA 504 Rates | 5.94% | 5.98% | 5.61% |
| SBA 504 Rates for Manufacturers | 5.70% | 5.73% | 5.31% |
| REFI SBA 504 Rates | 5.96% | 6.00% | 5.63% |
The April 2026 SBA 504 debenture pricing was completed on April 9, 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.
SomerCor is proud to announce the Down Payment Assistance Program (DPAP)! This new initiative supports eligible businesses in Cook County by reducing the upfront costs of purchasing their first owner-occupied commercial real estate with the SBA 504 loan.
In addition to the SBA 504 program’s long-term fixed, low interest rate financing, the SomerCor Down Payment Assistance Program provides a grant equal to 5% of eligible project costs, up to $25,000, helping first-time SBA 504 borrowers in Cook County reduce upfront costs and maintain working capital. Learn more at www.somercor.com/dpap.
Join us Monday, July 27, 2026, at Midlothian Country Club for SomerCor’s Charity Golf Outing benefiting the VetLoan Advantage Program! Register today to support veteran entrepreneurs with access to capital and business resources. Sponsorships are now available!
The SBA Illinois District Office is hosting informational forums across the state, geared toward traditional lenders, covering agency programs and services.
Members of the SomerCor team will be on hand at these events to provide instruction on the SBA 504 loan program. These lender forums are a great opportunity to hear from SomerCor’s team of SBA 504 experts on the latest program rules, benefits for small business borrowers, and opportunities for lenders. Those new to SBA programs and more experienced lenders will both benefit from attending. Use this link to see the current list of events across the state and register you and your team today.
