SBA Loan Rates

Find out more about SBA loan rates by reading rate information. Includes frequently asked questions.

Updated on March 31st, 2020

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SBA loans rates are determined by the Small Business Administration. Your financial provider may offer you a variety of rates for SBA loans, but there is a maximum to the interest rate that they can charge. You can learn about SBA loan rates for different types of loans by looking at the tables below.

SBA 7(a) Loan Rates

Loan Size

Interest Rate

$25,000 or less


$25,001 to $50,000


Over $50,000


SBA 504 Loan Rates

Loan Duration

Maximum Interest Rate

10 Years


20 Years


25 Years


SBA Microloan Rates

Loan Size

Interest Rate

Up to $10,000


Over $10,00


SBA Disaster Loan Interest Rates:

If you have credit available elsewhere, the maximum interest rate is 8%. Without access to credit elsewhere, the maximum rate is 4%.


What is the average interest rate on a SBA loan?

As of November 2019, the maximum interest rate for SBA CDC/504 loans ranges from 3.74% to 3.93%, depending on the size of your loan.

How often do SBA loan interest rates change?

The Small Business Administration can adjust the base rate of loans at any time. Many economic factors influence their decision to adjust the rates, but generally, adjustments are only made a few times a year.

Are SBA business loan rates variable or fixed?

This really depends on what options your financial institution offers. Some banks and other lenders offer loans with current SBA loan rates, but you can opt to have a fixed or variable rate option. With the fixed-rate option, your rate will stay the same for the term of the loan whether the rates go up or down.

Are SBA express loan rates higher than for normal SBA loans?

The rates for SBA express loans are generally the same or similar to regular loans, even though the applications are fast-tracked so that the applicant gets a response in 36 hours. The rates are essentially the same because the SBA has made the maximum interest limits the same and express loans are only available up to $350K.

How long are SBA 7(a) loan terms?

SBA 7(a) loan terms depend on the purpose of the loan. The term can be up to 25 years for real estate, up to 10 years for business acquisition or equipment, and between 5 and 7 years for working capital.