SBA market intelligence for lenders and CDCs
Monitor loan volumes, lender rankings, benchmark rates, and industry developments across 7(a) and 504.
7(a) FY26 YTD
$0
504 FY26 YTD
$0
25-Yr Rate (504)
0.000%
Jul 2026
Market snapshot
Data sources & methodology7(a) Program
FY2026 YTD · through Jun 2026
$21.8B
40,824
loans
$535K
avg size
504 Program
FY2026 YTD · through Jun 2026
$5.3B
4,459
loans
$1.2M
avg size
504 Debenture Rates
Effective Jul 9, 2026
| Term | Standard | Mfg |
|---|---|---|
| 10-Year | 6.206% | 5.904% |
| 20-Year | 6.209% | 5.957% |
| 25-Year | 6.176% | 5.933% |
Latest news
Updates from across the SBA lending industry
SBA Doubles Cumulative 7(a) and 504 Loan Limit to $10 Million
Effective July 4, 2026, the SBA now allows qualified borrowers to combine 7(a) and 504 loans for up to $10 million in total SBA-backed financing—$5 million per program—by decoupling 7(a) balances from 504 limits, up from the prior $5 million cumulative cap. Small manufacturers, who can already secure unlimited project-based 504 loans, are also newly eligible for up to $5 million through the 7(a) program. Lenders and CDCs should note the change raises the agency's maximum financing offering to its highest level ever after more than a decade without an increase.
NAGGL Announces SBA 7(a) Connect Quarterly Call and Opens 2026 Annual Conference Registration
NAGGL announced its SBA 7(a) Connect Quarterly Call and opened registration for its 2026 Annual Conference. The National Association of Government Guaranteed Lenders provided details on both events for members involved in SBA lending.
SBA Backs Department of War's Suspension of CMMC Phase II Rules for Small Contractors
The SBA commended the U.S. Department of War's July 13, 2026 decision to suspend CMMC Phase II cybersecurity certification requirements that were set to take effect November 10, 2026, and to launch a comprehensive review of the program. SBA analysis estimated compliance costs could reach roughly $593,800 per certification for firms requiring third-party assessment, affecting more than 120,000 small defense contractors served by only about 100 approved assessors. The CMMC program was established through a 2024 final rule to protect Controlled Unclassified Information and Federal Contract Information.
East West Bank Provides Lendistry $100M Credit Facility for Airport Concessions Program
Lendistry has secured a new $100 million credit facility from East West Bank, plus a $100 million accordion feature, to fund its Airport Concessions Program (ACP), which finances small businesses operating within airport terminals. The facility follows East West Bank's $75 million financing in 2025 that supported Lendistry's SBA 7(a) lending platform; the ACP, launched in 2019, has deployed $98 million to airport businesses across 16 states.
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