• The July effective interest rate for a 20 year 504 loan is 4.76%, and the rate for a 10 year 504 loan is 4.50%
  • Clint Shiflet, Senior VP & Area Manager at Idaho Central Credit Union in Meridian, named the 2016 SBA 504 Lender of the Year. Congratulations and thank you, Clint!
  • IDAHO CENTRAL CREDIT UNION was named the 2016 SBA 504 Financial Institution of the Year. "Thank you", Idaho Central Credit Union for all you do to help businesses grow!
  • SBA 504 loans approved during FY2016 now how lower fees! The "up front" SBA Guarantee Fee has been reduced from 0.5% to zero. The ongoing SBA Guarantee Fee (paid annually) is reduced from 0.9375%, or 93.75 basis points per annum, to 0.914% or 91.4 basis points per annum of the outstanding balance of the loan. The total administrative costs lowered from 2.65% to 2.15%.

Capital Matrix | Interest Rate History

SBA 504 loans have a fixed interest rate and are fully-amortizing loans with no balloon payments.  They can have either a 10 year or 20 year term.  The effective interest rate for a 20 year loan is currently 4.76% which is 17 basis points higher from June's rate of 4.59%.

While 20-year debentures are sold every month, 10-year debentures are sold every other month.  The most current sale of 10-year debentures is July 2
017, and the effective interest rate is 4.50%.   

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