Current SBA 504 Rates

25-Year

6.28%

20-Year

6.35%

10-Year

6.46%

Rates include monthly servicing fees to CDC, SBA, and central servicing agent; based on SBA FY25 fees. SBA 504 refi rates are approximately 3 basis points higher than debenture pricing noted above.

The SBA 504 loan program operates as zero-subsidy. This means that no taxpayer dollars are appropriated to fund these loans. Instead, the 100% SBA-guaranteed debentures, backed by the full faith and credit of the United States, are sold to investors monthly. The effective interest rate on the SBA portion of a 504 loan is not determined until the debenture has been sold. Typically reflective of 10-year U.S. Treasury bond rates, the effective interest rate for an SBA 504 loan includes principal, interest, and fees.