September 2025 SBA 504 Interest Rates

09/11/2025|Kimberly Brisky|SBA 504, SBA Interest Rates

25 Year Term 6.00%

20 Year Term 6.02%

10 Year Term 5.77%

The September 2025 SBA 504 debenture pricing occurred on September 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 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.

SBA 504 Reference Guide

SBA 504 REFI Reference Guide

The SBA 504 loan program is a great option for small and mid-size businesses to buy, build, and refinance their own facility and heavy equipment. SBA 504 financing offers the opportunity to build equity while creating a state of the art space personalized for optimum efficiency, safety, highlighting your brand, and flexibility to grow.

SomerCor SVP, Eric Bacon, highlights impactful SBA 504 client stories in the latest issue of the Daily Herald. Learn more about how commercial property ownership offers financial and operational benefits for your business clients.

SBA Announces Fee Waivers for SBA 504
Manufacturing Loans in FY26

On August 28th, the U.S. Small Business Administration (SBA) issued SBA Information Notice 5000-871532, announcing fees for SBA 504 loans in FY26. The SBA annually sets a combination of the upfront guaranty fee and the annual service fee (also known as the ongoing guaranty fee) to cover the estimated costs of the 504 loan program, so that it can remain zero-subsidy.

The following fees will be effective for SBA 504 loans approved from October 1, 2025, through September 30, 2026:

The upfront guaranty fee will be 0.50% (50 basis points) – an increase from 0% in FY25;
The annual service fee will be 0.209% (20.9 basis points) of the outstanding balance of the loan – a decrease from 0.331% in FY25.

For 504 Loans approved under the 504 Debt Refinance Without Expansion Program:

The upfront guaranty fee will be 0.50% (50 basis points) – an increase from 0% in FY25;
The annual service fee will be 0.2115% (21.15 basis points) of the outstanding balance of the loan – a decrease from 0.356% in FY25.

For all SBA 504 loans to manufacturers (NAICS sectors 31-33), including loans made under 504 debt refinance with and without expansion, the upfront guaranty fee and the annual service fee will be waived.