SBA 504 Current and Historic Rates**
| Year | Month | 20 Year Loan | 10 Year Loan | 25 Year Loan | 20 Year Refinance |
|---|---|---|---|---|---|
| 2024 | April | 6.77% | * | 6.70% | 6.90% |
| March | 6.37% | 6.60% | 6.29% | 6.40% | |
| February | 6.50% | * | 6.39% | 6.53% | |
| January | 6.43% | 6.54% | 6.37% | 6.46% | |
| 2023 | December | 6.59% | * | 6.59% | 6.68% |
| November | 7.12% | 7.33% | 7.11% | 7.14% | |
| October | 7.28% | * | 7.22% | 7.30% | |
| September | 6.87% | 7.07% | 6.81% | 6.89% | |
| August | 6.61% | * | 6.55% | 6.63% | |
| July | 6.64% | 7.08% | 6.58% | 6.66% | |
| June | 6.39% | * | 6.33% | 6.40% | |
| May | 6.08% | 6.05% | 6.03% | 6.10% | |
| April | 5.96% | * | 5.88% | 5.98% | |
| March | 6.34% | 6.78% | 6.33% | 6.35% | |
| February | 5.99% | * | 6.02% | 5.99% | |
| January | 6.29% | 6.45% | 6.31% | 6.29% | |
| 2022 | December | 6.04% | * | 6.11% | 6.05% |
| November | 6.23% | 6.27% | 6.31% | 6.24% | |
| October | 6.13% | * | 6.22% | 6.15% | |
| September | 5.34% | 5.33% | 5.44% | 5.36% | |
| August | 4.89% | * | 4.98% | 4.91% | |
| July | 5.05% | 4.97% | 5.11% | 5.07% | |
| June | 5.13% | * | 5.19% | 5.15% | |
| May | 5.06% | 4.93% | 5.12% | 5.08% | |
| April | 4.62% | * | 4.68% | 4.63% | |
| March | 3.77% | 3.82% | 3.93% | 3.78% | |
| February | 3.45% | * | 3.60% | 3.47% | |
| January | 3.07% | 3.09% | 3.22% | 3.09% | |
| 2021 | December | 2.88% | * | 3.03% | 2.89% |
| November | 3.03% | 3.11% | 3.17% | 3.08% | |
| October | 3.02% | * | 3.16% | 3.06% | |
| September | 2.86% | 2.69% | 2.98% | 2.90% | |
| August | 2.75% | * | 2.87% | 2.79% | |
| July | 2.70% | 2.60% | 2.82% | 2.74% | |
| June | 2.77% | * | 2.89% | 2.81% | |
| May | 2.85% | 2.62% | 2.94% | 2.89% | |
| April | 3.02% | * | 3.08% | 3.06% | |
| March | 3.00% | 2.70% | 3.05% | 3.05% | |
| February | 2.72% | * | 2.76% | 2.76% | |
| January | 2.66% | 2.45% | 2.70% | 2.70% | |
| 2020 | December | 2.59% | * | 2.63% | 2.63% |
| November | 2.36% | 2.23% | 2.40% | 2.37% | |
| October | 2.40% | * | 2.43% | 2.40% | |
| September | 2.37% | 2.29% | 2.41% | 2.37% | |
| August | 2.21% | * | 2.27% | 2.21% | |
| July | 2.35% | 2.40% | 2.41% | 2.41% | |
| June | 2.53% | * | 2.60% | 2.53% | |
| May | 2.69% | 2.65% | 2.76% | 2.69% | |
| April | 2.96% | * | 3.03% | 2.96% | |
| March | 2.81% | 2.85% | 2.88% | 2.81% | |
| February | 3.39% | * | 3.46% | 3.39% | |
| January | 3.64% | 3.80% | 3.71% | 3.65% | |
| 2019 | December | 3.58% | * | 3.64% | 3.58% |
| November | 3.74% | 3.93% | 3.80% | 3.78% | |
| October | 3.46% | * | 3.54% | 3.50% | |
| September | 3.36% | 3.56% | 3.46% | 3.39% | |
| August | 3.53% | * | 3.63% | 3.57% | |
| July | 3.91% | 3.94% | 4.01% | 3.95% | |
| June | 3.98% | * | 4.09% | 4.02% | |
| May | 4.27% | 4.37% | 4.39% | 4.30% | |
| April | 4.37% | * | 4.53% | 4.40% | |
| March | 4.59% | 4.63% | 4.74% | 4.62% | |
| February | 4.65% | * | 4.77% | 4.68% | |
| January | 4.76% | 5.06% | 4.88% | 4.79% | |
| 2018 | December | 4.93% | * | 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.