• The December effective interest rate for a 20 year 504 loan is 4.50%, and the rate for a 10 year 504 loan is 4.47%
  • Clint Shiflet, Senior VP & Area Manager at Idaho Central Credit Union in Meridian, named the 2017 SBA 504 Lender of the Year. Congratulations and thank you, Clint!
  • IDAHO CENTRAL CREDIT UNION was named the 2017 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 FY2018 (10-01-2017 through 09-30-2018) "up front" SBA Guarantee Fee will continue to be zero. The annual service fee is reduced to 0.642% (64.2 basis points) of the outstanding balance of the loan.
  • SBA 504 Debt Refinance loans approved during FY2018 (10-01-2017 through 09-30-2018) "up front" SBA Guaranty Fee will continue to be zero. The annual service fee is reduced to 0.642% plus 0.04%, for a total of .682% (64.2 basis points plus 4 basis points) of the outstanding balance of the loan.
    

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 4.50% which is 1 basis points lower from November's rate of 4.51%.



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 November 2
017, and the effective interest rate is 4.47%.   

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