Are You Interested in Interest? Of Course You Are.

Current MBFC Interest Rates for SBA 504 loans.

10-Year Effective Rate for SBA 504 Loans

5.590%

Fixed-rate Includes program fees of 1.99%

20-Year Effective Rate for SBA 504 Loans

4.926%

Fixed-rate Includes program fees of 1.33%

25-Year Effective Rate for SBA 504 Loans

4.99%

Fixed-rate Includes program fees of 1.28%

As a reminder, for new SBA 504 approvals the fees have changed for FY2019 (starting Oct. 1, 2018) which include SBA reducing its “servicing fee” from 0.642% to 0.368% (0.395% for the 504 Debt Refi Loans).  This “servicing fee” is figured into the overall effective interest rate to the borrower.  This decrease has not been seen in the monthly SBA 504 Loan pricing yet, as there needs to be new loan approvals as of Oct. 1 or after to fund before the new pricing will be reflected in the monthly rates. 

*FOR LOANS APPROVED AFTER OCTOBER 1, 2018 (SBA FEE REDUCTION)