October 2026 SBA 504 Interest Rates

10/08/2026|Sarah Boghossian|SBA 504, SBA Interest Rates

	504 Rates	Manufacturing, Food Supply Chain, & Rural Rates*	REFI Rates
25 Year Terms	6.97%	6.74%	6.97%
20 Year Terms	6.97%	6.73%	6.97%
10 Year Terms	6.59%	6.30%	6.59%

The current SBA 504 debenture pricing was completed on October 8, 2026. *Rates for manufacturing businesses (primary NAICS Code in sectors 31, 32, and 33), food supply chain businesses (primary NAICS Codes 1111-1113, 1121-1125, 1129, 1141, 1151, 1152, 423820, 4244, 4245, 424910, 445110, 484220**, 484230**, 493120, 493130), and businesses located in rural areas are approximately 25 basis points lower than other projects due to the waiver of both the upfront guaranty and annual service fees in FY27. **Limited to refrigerated and frozen trucking, farm products, grain products, and livestock.

SBA 504 Reference Guide

SBA 504 REFI Reference Guide

SomerCor is celebrating Manufacturing Month this October! The Chicago Manufacturing Excellence Awards, Makers on the Move Bus Tour, and FY27 fee waivers were a great way to kick off the month. Follow along as we continue to celebrate our manufacturers.

October marks the start of Fiscal Year 2027, and the SBA published new guidance for the 504 loan program. Effective October 1, 2026, these updates reflect the agency’s emphasis on strong underwriting and structuring deals that best align with the needs of the borrower.

Your bridge to the SBA: Reach out to a SomerCor team member with any questions.

Connect. Compete. Grow. Secure your spot here.

Input that drives change: Take the 12-minute survey today to contribute to data that directly inform the Fed, federal government agencies, service providers, policymakers, and others. Survey closes November 13, 2026.