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%
May 2026
Market snapshot
Data sources & methodology7(a) Program
FY2026 YTD · through Apr 2026
$16.7B
31,508
loans
$531K
avg size
504 Program
FY2026 YTD · through Apr 2026
$4.0B
3,421
loans
$1.2M
avg size
504 Debenture Rates
Effective May 7, 2026
| Term | Standard | Mfg |
|---|---|---|
| 10-Year | 5.876% | 5.576% |
| 20-Year | 6.013% | 5.762% |
| 25-Year | 5.952% | 5.710% |
Latest news
Updates from across the SBA lending industry
SBA Updates Prior Loss Waiver Requirements
The SBA has issued a notice regarding requirements for prior loss waivers in its lending programs. The guidance clarifies eligibility criteria and procedures for borrowers seeking waivers based on previous loan losses. Registration is open for the 2026 SBA Lender Leadership Summit for additional details.
The "No-Skin" Searcher Trap & a $1M Prize Pool? | May 26, 2026 | SBA Today
SBA Today discusses emerging credit risk concerns around search fund deals with inexperienced sponsors and 100% investor-backed structures, while highlighting SBA's simultaneous push to support growth-stage businesses through new capital incentives like the Patriot Pitch Competition ($1M prize pool). The episode also covers practical applications of AI in underwriting for SOP compliance auditing and portfolio yield analysis—offering insights into how SBA credit departments are recalibrating risk appetite across different deal profiles.
Banished Lenders, a $10M Cap Raising & more! | May 19, 2025 | SBA Today
SBA Today covers four critical developments: USDA lenders facing enforcement action over a $620M delinquency issue; the new $10M combined cap decoupling rule expanding capital eligibility for certain borrowers; a $3M fraud indictment from the SBA's new National Fraud Enforcement Division signaling stricter compliance; and guidance on the Office of Hearings and Appeals as a recourse mechanism. The episode highlights the tension between expanded lending capacity and intensifying regulatory enforcement across SBA lending programs.
SBA Clarifies Maximum Loan Limits for 7(a) and 504 Programs
The SBA has issued a policy notice clarifying maximum loan limits for its 7(a) and 504 lending programs. The notice provides updated guidance to lenders on loan size restrictions under these key small business financing vehicles.
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