Live data
Current SBA 7(a) maximum rates
Updated each business day. The maximum allowable rate a lender can charge under SBA 7(a) is computed as WSJ Prime + a fixed spread set by SBA SOP 50 10. We pull Prime from FRED, apply the published spreads, and surface the result with an "as of" timestamp.
Methodology
These rates are maximum caps a 7(a) lender may charge. A specific lender may quote less, especially for higher-quality borrowers and larger loan sizes. This table is for orientation, not a quote.
Base rate
Wall Street Journal Prime Rate, sourced from FRED
series DPRIME (Bank Prime Loan Rate, daily). FRED
publishes the previous business day's value; weekend visitors see
Friday's print until Monday afternoon.
Spreads
Per SOP 50 10 8. Effective June 1, 2025 — verify against the latest SBA notice before relying.
| Loan size | Max spread over Prime |
|---|---|
| $50,000 or less | +6.50% |
| $50,001 – $250,000 | +6.00% |
| $250,001 – $350,000 | +4.50% |
| Over $350,000 | +3.00% |
Current SBA SOP applies flat caps by loan size. The pre-2024 structure that split caps by maturity (under 7 years vs 7 years or more) is no longer in effect.
504 and microloans
We don't currently surface 504 debenture rates because they're auctioned monthly, not posted daily, and SBA microloan rates vary by intermediary lender. We'll add both once we have a clean, defensible data source. Email us if you'd like to be notified.
Caveats
- Variable-rate 7(a) only. Fixed-rate 7(a) caps are computed off a different base; not shown here.
- Spreads above are caps, not what your lender will charge.
- An SBA Procedural Notice (effective March 1, 2026) added Alternative Base Rate options — the 5-year and 10-year Treasury Note rates and SOFR — in addition to Prime. The maximum spreads above apply over whichever base the lender selects.
- SOP versions update episodically. We re-verify against new SBA notices when they publish.
- For an actual quote, work with an SBA preferred lender and a deal advisor.