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%
Apr 2026
Market snapshot
Data sources & methodology7(a) Program
FY2026 YTD · through Mar 2026
$14.2B
26,466
loans
$536K
avg size
504 Program
FY2026 YTD · through Mar 2026
$3.4B
2,821
loans
$1.2M
avg size
504 Debenture Rates
Effective Apr 9, 2026
| Term | Standard | Mfg |
|---|---|---|
| 10-Year | 5.611% | 5.310% |
| 20-Year | 5.983% | 5.732% |
| 25-Year | 5.942% | 5.700% |
Latest news
Updates from across the SBA lending industry
The SBA's 2027 Budget Bombshell + Default Danger Zones | April 14, 2026 | SBA Today
SBA Today discusses three critical policy developments affecting lenders: proposed decoupling limits that would allow borrowers to access maximum funding under both 7(a) and 504 programs simultaneously, a 93% budget cut to Entrepreneurial Development programs that could impact borrower support infrastructure, and emerging default risk patterns in 2019 and 2023 loan cohorts revealed by Lumos data. The episode highlights tension between volume/manufacturing growth mandates and the erosion of support systems that help mitigate borrower defaults.
Trump Signs SBIR-STTR Reauthorization Through 2031 With Security Reforms
President Trump signed S. 3971, the Small Business Innovation and Economic Security Act, on April 13, 2026, reauthorizing the SBIR and STTR programs through September 30, 2031. The legislation, sponsored by Senate Small Business Committee Chair Joni Ernst and House Small Business Committee Chairman Roger Williams, includes reforms to strengthen national security, program integrity, and accountability. Since 1982, these programs have invested over $81 billion into more than 34,000 small businesses and supported companies including Qualcomm, Biogen, and Illumina.
Emily Doxzon Named Chief of SBA's 7(a) Lending Division
The SBA has announced Emily Doxzon as the new chief of its 7(a) Division, which oversees the agency's flagship small business loan guarantee program. The appointment was announced via the National Association of Government-Guaranteed Lenders (NAGGL).
SBA Lender Leadership Summit 2026 Registration Now Open
Registration has opened for the 2026 SBA Lender Leadership Summit, an annual conference for SBA lending professionals. The event brings together lenders and SBA officials to discuss program updates, industry trends, and policy developments affecting the small business lending landscape.
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