What are current SBA loan rates?
As of June 2026, SBA 7(a) variable rates run roughly 10.5% to 14%, SBA 504 effective rates typically land in the 5-7% range (fixed for the life of the loan), and SBA Express rates can reach Prime + 4.5% to 6.5% depending on loan size. All variable SBA pricing keys off the WSJ Prime Rate, currently 7.50% and steady since mid-2025. Your exact rate depends on loan size, lender pricing, and your credit, which means two borrowers with identical needs can pay meaningfully different rates based purely on which lender they chose. Quordx Capital puts your file in front of SBA-approved lenders so you see real pricing, not averages.
Part of our guide to Business Loans.
Last updated · Reviewed by Cody Dreis
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The Rate Breakdown, Program by Program
SBA 7(a): variable rate caps by loan size: (Prime 7.50% plus the maximum spread):
- Over $350K: Prime + 3.0% = 10.5% - $250,001-$350K: Prime + 4.5% = 12.0% - $50,001-$250K: Prime + 6.0% = 13.5% - $50K or less: Prime + 6.5% = 14.0%
Those are caps: competitive lenders can price below them, which is precisely why comparing matters. Note the pattern: bigger loans get tighter spreads.
SBA 504: fixed for the loan's life: Tied to the 10-year Treasury and repriced monthly; the May 2026 debenture rate was 4.82% for 20- and 25-year terms, with all-in effective rates typically 5-7%.
SBA Express: lenders may charge up to Prime + 4.5% on loans over $50K, or Prime + 6.5% at $50K and under, in exchange for an SBA response within 36 hours.
SBA sits in the sweet spot: near-bank pricing with broader eligibility.
Getting the Best Rate Available to You
SBA 7(a): best for flexible needs up to $5M; target the over-$350K tier's tighter spread if your deal size allows.
SBA 504: best for real estate and fixed assets; decades of fixed 5-7% money is rare anywhere else.
SBA Express: best when speed justifies a slightly wider spread on amounts up to $500K.
Bank term loans: best if you're bank-qualified (2+ years, strong credit) and the median ~7% beats your SBA quote.
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How Quordx Capital Works
One application matches you with the best-fit lenders in our network of 50+., so quotes compete rather than arrive one at a time. Documents upload once; every offer's rate, fees, and terms are disclosed side by side. Conventional offers decide within 24-48 hours.
What to Expect
Rates vary by lender, credit, and deal, no one can honestly promise you a number before underwriting, and we won't. What we can promise: you'll see real, comparable offers with nothing hidden, and the entire comparison costs you nothing with no obligation to proceed.
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Written by
Cody Dreis
Founder, Quordx Capital
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Quordx Capital is a business funding broker, not a lender. Lenders make every credit decision and set the rate, fees and terms, and not every business qualifies. Quordx may be paid by a lender when a deal funds. Full disclosures