SBA Loan Rates for October 2026

As of October 28, 2026, SBA 7(a) variable rates run 10.00 to 13.50% all in. The base rate is prime at 7.00%, plus a lender spread capped by the SBA according to loan size: prime plus 3.00 percent for loans over 350,000 dollars; prime plus 4.50 percent for loans from 250,001 to 350,000 dollars; prime plus 6.00 percent for loans from 50,001 to 250,000 dollars; and prime plus 6.50 percent for loans of 50,000 dollars or less. Most business acquisitions sit in the top tier.

On October 27, 2026, the published SBA 504 debenture range is 6.59 to 6.98 percent. The CDC portion is fixed for 20 or 25 years and is set at each monthly bond sale. The first lien portion covers about 50 percent of the project and is priced separately by quote against a benchmark and spread. The debenture can reach 5.5 million dollars for owner occupied real estate and heavy equipment.

Prime rate is 7.00% as of October 28, 2026 (Federal Reserve H.15). Most SBA 7(a) variable loans are indexed to Prime, adjusting quarterly. The Wall Street Journal Prime rate is what SBA lenders typically use as the base.

The SBA peg rate is an optional base rate published quarterly by the SBA in the Federal Register under 13 CFR 120.214. It is a weighted average of Treasury yields. A notice published October 1, 2026 set the rate at 5.00 percent for October to December of fiscal year 2027. Lenders may use it instead of prime for fixed rate 7(a) loans, subject to SBA spread caps.

Most SBA 7(a) loans are variable, with rates tied to prime. The SBA 504 debenture is fixed for 20 or 25 years. A fixed rate 7(a) loan is priced by each lender at a premium over the variable rate, so it needs a quote. Variable can make sense if prime falls; fixed can provide budget certainty.

Prime is 7.00% as of October 28, 2026. 7(a) variable pricing is Prime plus a spread capped by loan size, while SBA 504 CDC fixed rates follow the SBA bond market and Treasury curve, with the 5 year Treasury at 4.84% and the 10 year at 5.00%.

On October 27, 2026, SBA Express has a maximum loan size of 500,000 dollars. Its variable rate maximum is prime plus 6.50 percent for loans of 50,000 dollars or less, equal to 13.50 percent at prime of 7.00 percent published October 21, 2026, and prime plus 4.50 percent above 50,000 dollars, equal to 11.50 percent at that prime. SBA provides a decision within 36 hours.

MARC stands for Manufacturers Access to Revolving Credit. It is a 7(a) loan for manufacturers in NAICS sectors 31, 32, and 33, with a maximum amount of $5 million. A revolving MARC loan may run for up to 20 years total: 10 years revolving, followed by 10 years of term repayment. Working capital term loans may run up to 10 years. Rates are negotiated within the 7(a) maximums, and the variable all in range is 10.00 to 13.50% as of October 28, 2026.

The current 7(a) variable maximums are set by the SBA rule in 13 CFR 120.213, effective since August 2023. The spread depends on loan size and is added to the applicable base rate. Using prime of 7.00 percent published on October 21, 2026, the all in maximums range from 10.00 percent to 13.50 percent.

PeerSense tracked 288 active SBA capital sources in October 2026, including 246 with a published rate, and its five tracked 504 boxes showed a typical range of 6.28 to 6.89 percent. PeerSense reviews a file and places it with direct capital sources whose published programs match. The client pays the fee under a written agreement.