May 2026 SBA 504 Interest Rates
| SBA 504 Rates | SBA 504 Rates for Manufacturers | REFI SBA 504 Rates | |
| 25 Year Terms | 5.95% | 5.71% | 5.97% |
| 20 Year Terms | 6.01% | 5.76% | 6.03% |
| 10 Year Terms | 5.88% | 5.58% | 5.89% |
The May 2026 SBA 504 debenture pricing was completed on May 7, 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.
Join SomerCor on Thursday, June 11, 2026 at 2:00 PM CT for a live webinar exploring how SBA 504 financing and down payment assistance programs can help more small businesses qualify for commercial real estate financing. Presented by Eric Bacon, SVP, Managing Director of 504 Loan Originations, this session will cover borrower eligibility, lender benefits, and strategies to preserve working capital while supporting business growth. Register today to reserve your spot.
Small Business Week is here, and SomerCor is ready to help more entrepreneurs access capital to grow their businesses. Part of SomerCor’s mission is to advance economic development across our service area with the SBA 504 loan and other initiatives like VetLoan Advantage and the SomerCor Down Payment Assistance Program (in partnership with the Cook County Small Business Source).
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!
SomerCor is proud to announce the Down Payment Assistance Program (DPAP) in partnership with the Cook County Small Business Source! In addition to the SBA 504 program’s long-term fixed, low interest rate financing, DPAP 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 somercor.com/DPAP
