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Today's rates
The rates lenders price your loan from, in plain English. Your rate is one of these plus the lender's margin.
Current rates
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These are reference rates, not loan quotes. Banks usually price business and SBA loans at prime plus a margin. Long-term fixed loans are usually priced at a Treasury yield plus a margin, and bridge and construction loans at SOFR plus a margin. Fees, floors and other terms also apply.
SBA loans
SBA 7(a) rates today
From the SBA's own loan data (variable-rate loans over $350,000 approved January 2025 to June 2026): the middle half priced at prime + 1.50 to 2.75% (median prime + 2.00%). Hotels priced lower: the middle half at prime + 1.00 to 1.50% (median prime + 1.25%). Bigger loans price lower. The table shows the most a lender may legally charge.
| Loan amount | Most a lender may charge | Today |
|---|---|---|
| $50,000 or less | Prime + 6.50% | - |
| $50,001 to $250,000 | Prime + 6.00% | - |
| $250,001 to $350,000 | Prime + 4.50% | - |
| Over $350,000 | Prime + 3.00% | - |
Variable-rate caps under SBA rules (13 CFR 120.214). Many SBA loans are priced below the cap. Fixed-rate SBA loans have separate caps that SBA publishes monthly. SBA source
SBA 504
The SBA's share of a 504 loan is funded by a bond priced off the 10-year Treasury, set once a month. It is fixed for 10, 20 or 25 years. Current monthly rates are published by NADCO and the certified development companies that make 504 loans.
How SBA loans workHistory
The past year
Treasury yields
2-, 10- and 30-year, daily close
Short-term rates
SOFR, 30-day average SOFR, effective fed funds and prime
Inflation (CPI, year over year)
Monthly, last three years
What the curve is saying
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Sources
- U.S. Treasury: Daily Treasury Par Yield Curve Rates
- Federal Reserve Bank of New York: SOFR, SOFR Averages, EFFR and target range
- Federal Reserve H.15 via FRED: Bank prime loan rate (between publications, prime is the top of the Fed's target range plus 3.00%, the convention U.S. banks follow)
- U.S. Small Business Administration: 7(a) maximum interest rates
- U.S. Bureau of Labor Statistics via FRED: CPI-U, seasonally adjusted
Data refreshes hourly from these sources. Most series are published once per business day for the prior day. If a source is unavailable, we show the last confirmed value with its date and a warning; we never fill in missing values. The prime rate shown is the Federal Reserve H.15 bank prime loan rate, which typically matches the rate published by The Wall Street Journal but is a separate publication.