February 2026 SBA 504 Interest Rates
25 Year Term 5.80%
20 Year Term 5.86%
10 Year Term 5.67%
The February 2026 SBA 504 debenture pricing was completed on February 5, 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 has been named CDC of the Year by the Coleman Report, a leading national publication covering the SBA lending industry. The award recognizes SomerCor’s sustained excellence in SBA 504 lending, consistent performance across economic cycles, and commitment to advancing economic development in the communities it serves. Learn more about the recognition
SBA 504 Program Remains Fully Funded for FY26
Good news for lenders and borrowers: the SBA 504 program remains fully funded for the remainder of FY26. The legislation also sets the SBA 504 authorization level, prorated for the rest of the fiscal year, at $16.5 billion. This allows projects to continue moving forward without interruption.
Let’s keep your deals moving forward. Contact the SomerCor team today.
SomerCor is proud to announce we are a Cook County Community Financial Institution (CFI) Capacity Building Grant recipient! Cook County is investing $2.4 million to support area CFIs deploy innovative financing for small businesses. We are honored by this opportunity and excited to build on our current offerings to expand our impact in partnership with Cook County. Stay tuned for more details on how SomerCor will activate these funds to directly address the capital needs of entrepreneurs.
Congratulations to the teams at Allies for Community Business, Greenwood Archer Capital, Jewish Free Loan Chicago, and Pursuit for also being selected as grant awardees!
For more than fifty years, Buddy Bear Car Wash has kept Chicagoland’s vehicles pristine. SomerCor has partnered on four SBA 504 loans to support Buddy Bear’s continued expansion and growth, including a buildout project and equipment purchase for a 4,774 square foot car wash facility in Chicago’s South Side. Read the full feature story on this project here.
Per owner Phil DeGeratto,“I go to SomerCor because I can count on them time and again. I know the Buddy Bear legacy is safe when SomerCor is involved, and I am so thankful to work with a team that cares about their clients and communities the way we do.”
SomerCor is proud to be recognized on the Inc. Magazine 2025 Power Partners List for providing access to capital and quality service to small and mid-size businesses like Buddy Bear Car Wash to support their growth.
