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%
Aug 2026
Market snapshot
Data sources & methodology7(a) Program
FY2026 YTD · through Jul 2026
$24.7B
45,528
loans
$542K
avg size
504 Program
FY2026 YTD · through Jul 2026
$6.0B
5,102
loans
$1.2M
avg size
504 Debenture Rates
Effective Aug 6, 2026
| Term | Standard | Mfg |
|---|---|---|
| 10-Year | 6.206% | 5.904% |
| 20-Year | 6.278% | 6.026% |
| 25-Year | 6.275% | 6.033% |
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.
Small Business Delinquencies (31-90 Days) Dip to 1.71% in June, Equifax Reports
The August Equifax report found that 1.71% of small business loans were 31 to 90 days past due in June, unchanged from May and down 5 basis points from June 2025. Meanwhile, loans 91 to 180 days past due rose 3 basis points year-over-year to 0.73%, and defaults edged down 1 basis point to 3.26%, with Equifax describing small business credit quality as essentially unchanged month over month.
SBA Rescinds Policy of Voluntary Notice-and-Comment Rulemaking (Final Rule)
The Small Business Administration issued a final rule, published August 31, 2026, rescinding its policy of conducting notice and comment rulemaking in cases where the Administrative Procedure Act (APA) does not require it. Going forward, the SBA will follow the APA's default requirements, while reserving the right to engage in voluntary notice and comment rulemaking on a case-by-case basis.
Chris Hurn and Ray Drew Discuss Lendesca's AI-Driven SBA Lending Model
In an August 26, 2026 episode of A Coleman Conversation, Bob Coleman interviewed Lendesca Founder and President Chris Hurn and newly appointed Chief Revenue Officer Ray Drew about the company's originating LSP model. The two discussed how AI and automation could transform SBA lending and help more banks and credit unions enter the market, reuniting nearly 15 years after Drew began his career as Hurn's marketing intern.
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