NADCO, the trade association for the nation's Certified Development Companies (CDCs), reports the following SBA 504 fixed interest rates for December 2018:
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 |
| December 2018 |
3.54% |
4.93% |
5.31% |
| November 2018 |
3.87% |
5.59% |
5.64% |
| 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% |
| |
|
|
|
|
25-Year Loan
|
| |
Base Rate
|
Standard
Effective Rate
|
Refinancing
Effective Rate
|
| December 2018 |
3.67% |
4.99% |
5.36% |
| November 2018 |
4.00% |
5.64% |
5.69% |
| 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 |
| November 2018 |
3.47% |
5.59% |
5.65% |
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% |