SBA Loan Rates 2026: What's Available and How They're Priced
SBA rates are tied to Prime (7(a) variable) and 10-year Treasury (504 fixed). Mid-2026 pricing is the most attractive since 2022 as the rate cycle turns. Locking the right product at the right time saves five-figure interest over the life of the loan.
SBA 7(a) variable rate
Prime + 2.25% to 2.75% for loans >$350K, Prime + 4.25% to 4.75% for loans ≤$50K. Mid-2026 Prime sits around 7.5%, so most 7(a) loans price 9.75–10.25%. Adjusts quarterly.
SBA 7(a) fixed rate
Less common but available. Capped at Prime + 5.5% for 25-year, Prime + 5.0% for 7–25 year. Worth requesting on real estate-secured deals where you want payment certainty.
SBA 504 first mortgage
Bank loan, priced as a normal commercial mortgage — typically 7–8% fixed for 10–25 years. Bank decides — shop multiple banks before committing.
SBA 504 second mortgage (CDC)
Fixed for the life of the loan, currently 6.4–6.8% on a 25-year. Backed by SBA debenture sale — pricing reset monthly with Treasury.
Express vs standard 7(a)
Express: $500K cap, 36-hour turnaround, slightly higher rate (Prime + 4.5–6.5%). Standard 7(a): $5M cap, 30–90 day turnaround, base pricing. For sub-$500K, Express often wins on time-value of money.
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