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Interest Rates

NADCO, the trade association for the nation's Certified Development Companies (CDCs), reports the following SBA 504 fixed interest rates for October:

The rates below are those quoted by NADCO. The Debenture Rate is the base P&I rate of the loan. The Effective Rate includes three servicing fees built into the monthly payment over the full-term of the loan and the closing costs that are added to the loan. The Effective Rate is not an APR. Click here for an explanation of how the interest rates are calculated. Interest rates are typically set on the first Tuesday of a month, with loans funding on the second Wednesday of the month.

 

20-Year Loan
 


Base Rate
Standard
Effective Rate
Refinancing
Effective Rate
 October 2018 3.77% 5.49% 5.54%
 September 2018 3.53% 5.25% 5.30%
 August 2018  3.58%  5.30% 5.35%
 July 2018 3.54% 5.36% 5.31%
 June 2018 3.60% 5.32% 5.37%
 May 2018 3.50% 5.22% 5.27%
 April 2018  3.31%  5.03% 5.08%
 March 2018 3.20% 4.92% 4.97%
 February 2018 3.22% 4.94% 4.99%
 January 2018  2.92%   4.64%   4.69% 
 December 2017 2.78%  4.50%   4.61% 
 November 2017  2.79%   4.51%   4.62% 
 October 2017  2.85%   4.64%   4.68% 
       
 
25-Year Loan
 
Base Rate

Standard
Effective Rate

Refinancing
Effective Rate

 October 2018 3.89% 5.53% 5.58%
 September 2018 3.65% 5.29% 5.34%
 August 2018 3.71% 5.35% 5.40%
 July 2018 3.68% 5.32% N/A
 


 
 
10-Year Loan- sold every other month
   
Base Rate

Standard
Effective Rate

Refinancing
Effective Rate 
 September 2018
3.14% 5.25% N/A
 July 2018 3.19% 5.30% 5.36%
 May 2018 3.18% 5.30% 5.36%
 March 2018  3.00%   5.11%  5.17%
 January 2018  2.55%   4.66%  N/A
 November 2017  2.29%   4.47%   4.52% 
 September 2017 1.98% 4.15% 4.20%

Historical 10-year Rates

Historical 20-year Rates

Historical 25-year Rates