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SBA Hot Topic Tuesday – SBA 504 Rates Remain Below Historical Average

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September 16, 2014

By Bob Coleman
Editor, Coleman Report

CRPMGraph091614NADCO’s Small Business Lending Report shows the market continues to favor the borrower.

September’s debenture rate of 2.92 percent marked the fourth month in a row the debenture rate has stayed below three percent, and is still well below the 12-month average of 3.2 percent.

“It is clear that borrowers are still benefitting from historically low rates, even as the market anticipates rate increases amid a modest economic recovery. Not only can borrowers access this near-historic rate now, they can lock it in for up to 20 years with a 504 loan.”

September’s loan pool size of $355,242,000 is 13 percent greater than the 12-month average of $309,704,077. This month’s effective interest rate (the all-in cost to a borrower) stands at five percent.

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