SBA loan rates are the lowest they’ve been in over a year, thanks to a series of rate cuts by the Federal Reserve. Keep reading to view current SBA loan interest rates, learn how SBA loan rates are determined and what fees apply to different SBA loans.
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Current SBA loan interest rates
The SBA’s maximum rates are based on the daily prime rate, which changes based on actions taken by the Federal Reserve.
SBA 7(a) loan rates
The 7(a) loan is the SBA’s most popular business loan and offers a flexible sum of cash for a variety of uses, including managing daily operations, purchasing new products and refinancing high-interest loans. The loan size determines interest rates for SBA 7(a) loans, and…
