SBA 504 Loan & Rates Monitor – October 2024

SBA 504 loan originations are up 3.8% compared to the prior year at September 30 (the end of the fiscal year). This represents a significant slowdown compared to the prior year versus the 6.1% increase we reported last month. Regardless of the slower growth, both...

SBA 504 Loan & Rates Monitor – September 2024

SBA 504 loan originations are up 6.1% compared to the prior year at August 31. They were up only 0.9% compared to the prior year when we reported last month. Despite the year-over-year improvement, this is well below the origination levels produced during the pandemic...

SBA 504 Loan & Rates Monitor – August 2024

SBA 504 loan originations are up 0.9% compared to the prior year at July 31. They were up 2.6% compared to the prior year when we reported last month, although that figure was boosted by the use of a later date for the FY2024 numbers. Still, this represents an...

SBA 504 Loan & Rates Monitor – July 2024

Once again (for the 4th time in six months), the SBA website data for YTD loan volumes for the SBA 7(a) and 504 programs is only partially updated, with prior fiscal year figures updated through June 30, but current year figures unchanged from May 31. We are using...

SBA 504 Loan & Rates Monitor – June 2024

The direction of the two main SBA loan programs diverged a bit in May 2024. Through May 31, 2024, 504 loan originations slowed further compared to the prior year. 504 originations are now down 1.6% compared to the same point in FY2023, a modest deterioration from the...