504 Rate history

Source: NADCO
Note: Effective rates below include fees to CDC, SBA and central serving agent

2023

Loan Type	JAN	FEB	MAR	APR	MAY	JUN	JUL	AUG	SEPT	OCT	NOV	DEC
25 Year SBA 504	6.310	6.010	6.329
20 Year SBA 504	6.282	5.982	6.332
10 Year SBA 504	6.433	6.433	6.768
25 Year Refi SBA 504	6.327	6.028	6.347
20 Year Refi SBA 504	6.300	6.000	6.350

2022

Loan Type	JAN	FEB	MAR	APR	MAY	JUN	JUL	AUG	SEPT	OCT	NOV	DEC
25 Year SBA 504	3.213	3.594	3.925	4.676	5.117	5.187	5.107	4.977	5.437	6.439	6.529	6.110
20 Year SBA 504	3.067	3.449	3.761	4.615	5.057	5.127	5.047	4.886	5.338	6.362	6.452	6.032
10 Year SBA 504	3.070	3.070	3.807	3.807	4.922	4.922	4.962	4.962	5.320	5.598	6.534	6.534
25 Year Refi SBA 504	3.227	3.608	3.939	4.690	5.130	5.20	5.120	4.990	5.450	6.457	6.547	6.128
20 Year Refi SBA 504	3.081	3.463	3.775	4.629	5.071	5.141	5.061	4.900	5.352	6.380	6.470	6.050

2021

Loan Type	JAN	FEB	MAR	APR	MAY	JUN	JUL	AUG	SEPT	OCT	NOV	DEC
25 Year SBA 504	2.692	2.752	3.043	3.073	2.933	2.883	2.813	2.863	2.973	2.912	2.922	3.023
20 Year SBA 504	2.653	2.714	2.995	3.016	2.845	2.764	2.694	2.744	2.855	2.765	2.775	2.875
10 Year SBA 504	2.438	2.438	2.684	2.684	2.612	2.612	2.591	2.591	2.673	2.372	2.793	2.793
25 Year Refi SBA 504	2.733	2.794	3.084	3.114	2.974	2.924	2.854	2.904	3.014	2.926	2.936	3.036
20 Year Refi SBA 504	2.696	2.757	3.038	3.058	2.887	2.807	2.737	2.787	2.898	2.779	2.789	2.889

2020

Loan Type	JAN	FEB	MAR	APR	MAY	JUN	JUL	AUG	SEPT	OCT	NOV	DEC
25 Year SBA 504	3.710	3.460	2.878	3.029	2.758	2.597	2.406	2.66	2.406	2.582	2.552	2.622
20 Year SBA 504	3.639	3.388	2.804	2.955	2.683	2.522	2.341	2.210	2.361	2.553	2.523	2.583

2019

Loan Type	JAN	FEB	MAR	APR	MAY	JUN	JUL	AUG	SEPT	OCT	NOV	DEC
25 Year SBA 504	4.877	4.767	4.737	4.527	4.387	4.086	4.006	3.626	3.455	3.480	3.740	3.640
20 Year SBA 504	4.751	4.641	4.581	4.360	4.260	3.978	3.908	3.526	3.355	3.398	3.679	3.579

2018

Loan Type	JAN	FEB	MAR	APR	MAY	JUN	JUL	AUG	SEPT	OCT	NOV	DEC
25 Year SBA 504							5.316	5.346	5.286	5.207	5.317	4.987
20 Year SBA 504	4.64	4.94	4.92	5.024	5.214	5.314	5.254	5.294	5.244	5.153	5.253	4.922

2017

Loan Type	JAN	FEB	MAR	APR	MAY	JUN	JUL	AUG	SEPT	OCT	NOV	DEC
20 Year SBA 504	4.58	4.60	4.83	4.62	4.66	4.59	4.76	4.53	4.37	4.57	4.51	4.50

2016

Loan Type	JAN	FEB	MAR	APR	MAY	JUN	JUL	AUG	SEPT	OCT	NOV	DEC
20 Year SBA 504	4.82	4.31	4.54	4.30	4.31	4.22	4.08	4.08	4.09	3.99	4.35	4.59

2015

Loan Type	JAN	FEB	MAR	APR	MAY	JUN	JUL	AUG	SEPT	OCT	NOV	DEC
20 Year SBA 504	4.59	4.53	4.79	4.58	4.84	5.05	4.95	4.89	4.89	4.76	4.74	4.86

2014

Loan Type	JAN	FEB	MAR	APR	MAY	JUN	JUL	AUG	SEPT	OCT	NOV	DEC
20 Year SBA 504	5.53	5.30	5.28	5.18	5.07	5.06	4.94	4.95	4.99	4.81	4.87	4.77

2013

Loan Type	JAN	FEB	MAR	APR	MAY	JUN	JUL	AUG	SEPT	OCT	NOV	DEC
20 Year SBA 504	4.20	4.28	4.29	4.15	4.14	4.52	5.22	5.23	5.69	5.44	5.45	5.45

2012

Loan Type	JAN	FEB	MAR	APR	MAY	JUN	JUL	AUG	SEPT	OCT	NOV	DEC
20 Year SBA 504	4.83	4.70	4.79	4.74	4.45	4.49	4.45	4.44	4.27	4.25	4.16	4.00

2011

Loan Type	JAN	FEB	MAR	APR	MAY	JUN	JUL	AUG	SEPT	OCT	NOV	DEC
20 Year SBA 504	5.73	6.06	5.93	5.89	5.63	5.51	5.58	5.13	4.69	4.83	4.94	4.94

2010

Loan Type	JAN	FEB	MAR	APR	MAY	JUN	JUL	AUG	SEPT	OCT	NOV	DEC
20 Year SBA 504	5.79	5.55	5.6	5.77	5.52	5.29	5.21	4.93	4.62	4.95	5.09	5.56

2009

Loan Type	JAN	FEB	MAR	APR	MAY	JUN	JUL	AUG	SEPT	OCT	NOV	DEC
20 Year SBA 504	6.66	5.70	5.6	5.25	5.37	5.89	5.24	5.39	5.14	5.33	5.5	5.46

2008

Loan Type	JAN	FEB	MAR	APR	MAY	JUN	JUL	AUG	SEPT	OCT	NOV	DEC
20 Year SBA 504	6.14	6.13	6.46	6.34	6.46	6.65	6.84	6.99	6.57	6.57	7.72	7.17

2007

Loan Type	JAN	FEB	MAR	APR	MAY	JUN	JUL	AUG	SEPT	OCT	NOV	DEC
20 Year SBA 504	6.29	6.26	6.2	6.29	6.28	6.28	6.79	6.75	6.53	6.54	6.48	6.26