What is the SBA 7(a) Loan Interest Rate?

Interest rates for the SBA 7(a) loan depend on the amount of the loan. They’re divided into two groups. As of July 2019, rates are:

Interest rates for SBA 7(a) loans

SBA 7(a) Loan Interest Rates

Loan Amount Maturity of less than 7 years Maturity of more than 7 years
$25,000 or less Base rate + 4.25% Base rate + 4.75%
$25,001 to $50,000 Base rate + 3.25% Base rate + 3.75%
$50,001 and up Base rate + 2.25% Base rate + 2.75%
*Current prime rate is 5.50% as of July 2019.

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SBA 7(a) Loan Basics, Glossary and FAQsAmanda Layman