December 2025 SBA 504 Interest Rates
25 Year Term 5.82%
20 Year Term 5.88%
10 Year Term 5.65%
The December 2025 SBA 504 debenture pricing was completed on December 11, 2025. 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 honored to announce Krimson Security & Fingerprinting as our first VetLoan Advantage Program participant! SomerCor is proud to support those who served by covering up to $3,000 in fees for veteran, first-time borrowers.
For Ryan Kern, a US Army veteran, keeping communities safe has always been more than a job – it’s a calling. He founded Krimson to fulfill his entrepreneurial vision of providing professional safety and security services. Sustained growth required a larger facility, so Kern partnered with SomerCor EVP, Elisabeth Williams, to purchase and renovate his new headquarters with an SBA 504 loan. By owning his own space and expanding his operations, Kern was able to reduce his monthly occupancy costs and create five new jobs!Learn more about Krimson and SomerCor’s VetLoan Advantage Program at www.somercor.com/veterans.
SomerCor Board Announcement
SomerCor is pleased to announce Tom Huffman as the new Chairperson of its Board of Directors. Huffman is the President of Wintrust SBA Lending and brings nearly forty years of experience to the table. He has served on the board since 2018.
Brian Burke will serve as Vice-Chairperson of the Board of Directors. Burke is Senior Vice President, Business Banking Director at Old National Bank, and brings over twenty years of experience in business banking and has served on the board since 2019.
These appointments reflect SomerCor’s strong governance and strategic leadership driving its continued growth. Thank you for your commitment to driving the SomerCor mission forward as 2026 ushers in new opportunities to advance economic empowerment in every community!
