Rates

SBA 504 Current and Historic Rates**

Year Month 20 Year Loan 10 Year Loan 25 Year Loan 20 Year Refinance
2018 December 4.93 5.60 4.99 5.31
November 5.60 5.60 5.64 5.64
October 5.49 * 5.53 5.54
September 5.25 5.25 5.29 5.30
August 5.30 * 5.35 5.35
July 5.26 5.30 5.32 5.31
June 5.32 * * 5.37
May 5.22 5.30 * 5.27
April 5.03 * * 5.08
March 4.92 5.11 * 4.97
February 4.94 * * 4.99
January 4.64 4.66 * 4.69
2017 December 4.50 * * 4.61
November 4.51 4.47 * 4.62
October 4.64 * * 4.68
September 4.38 4.15 * 4.42
August 4.54 * * 4.58
July 4.77 4.50 * 4.81
June 4.60 * * 4.64
May 4.67 4.51 * 4.71
April 4.63 * * 4.67
March 4.83 4.82 * 4.87
February 4.61 * * 4.65
January 4.59 4.60 * 4.63
2016 December 4.60 * * 4.64
November 4.36 4.67 * 4.68
October 4.26 * * 4.32
September 4.08 4.29 * 4.14
August 4.09 * * *
July 4.09 4.12 * *
June 4.23 * * *
May 4.32 4.19 * *
April 4.31 * * *
March 4.55 4.33 * *
February 4.32 * * *
January 4.83 4.29 * *
2015 December 4.87 * * *
November 4.78 4.18 * *
October 4.80 * * *
September 4.90 4.24 * *
August 4.91 * * *
July 4.96 4.33 * *
June 5.06 * * *
May 4.85 4.37 * *
April 4.59 * * *
March 4.80 4.40 * *
February 4.55 * * *
January 4.60 4.42 * *
2014 December 4.78 * * *
November 4.88 4.56 * *
October 4.82 * * *
September 5.00 4.70 * *
August 4.96 * * *
July 4.95 4.51 * *
June 5.07 * * *
May 5.08 4.51 * *
April 5.19 * * *
March 5.29 4.48 * *
February 5.31 * * *
January 5.54 4.67 * *
2013 December 5.46 * * *
November 5.46 4.40 * *
October 5.45 * * *
September 5.70 4.86 * *
August 5.24 * * *
July 5.23 4.42 * *
June 4.53 * * *
May 4.15 3.61 * *
April 4.16 * * *
March 4.30 3.71 * *
February 4.29 * * *
January 4.21 3.63 * *
2012 December 4.01 * * *
November 4.17 3.52 * *
October 4.26 * * *
September 4.28 3.49 * *
August 4.45 * * *
July 4.46 3.70 * *
June 4.50 * * *
May 4.46 3.76 * *
April 4.75 * * *
March 4.59 3.83 * *
February 4.71 * * *

*Note: 10 year bonds are sold every other month
**The table represents the approximate effective interest rate by averaging the note rate plus all fees, amortized over the life of the loan.