SBA rates today depend on Prime, lender spread, loan size, and program, with many standard 7(a) loans at Prime plus 1% to 3%.
SBA loan rates today depend on the program, loan size, repayment term, lender pricing, and the current Prime Rate. As of April 2026, the Prime Rate is 6.75%, so many standard SBA 7(a) loans are commonly priced around Prime plus 1% to 3%, before considering smaller-loan exceptions.
That means many standard SBA 7(a) loans may fall around 7.75% to 9.75% when Prime is 6.75%. Smaller SBA loans can carry higher allowed spreads, so they may price higher than that range. SBA 504 loans should usually be evaluated by the blended effective rate because the structure combines a bank first mortgage with a CDC/SBA second mortgage.
For borrowers, the best comparison is not just the stated rate. The monthly payment, amortization, fees, and loan structure all affect the real cost of capital.
Standard SBA 7(a) pricing is often Prime plus 1% to 3%, while smaller loans may price higher and 504 uses blended rates.
Many standard SBA 7(a) loans price around Prime plus 1% to 3%, while smaller loans may carry higher allowed spreads.
SBA 504 pricing is best viewed as a blended effective rate combining the bank first mortgage and the CDC/SBA second.
Fixed SBA loan rates offer payment stability, while variable rates may start lower but can change with market conditions.
Have an SBA loan scenario to review? Market Direct Capital can help evaluate structure, eligibility, and next steps.
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