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 4.62% which is 20 basis points lower from March's rate of 4.82%.
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 March 2017, and the effective interest rate is 4.81%.