SBA 504 Loan & Rates Monitor – June 2025

SBA 504 loan originations are up 18.5% as of May 31, 2025 compared to the prior fiscal year. This represents a noticeable deceleration compared to the 21.3% rise posted as of April 30, 2025. Still, year-to-date approval volumes remain at the highest level in the last...

SBA 504 Loan & Rates Monitor – May 2025

SBA 504 loan originations are up 21.3% as of April 30, 2025 compared to the prior fiscal year. This represents a slight acceleration compared to the 21.0% rise posted as of March 31, 2025. Year-to-date approval volumes are at the highest level in the last five years,...

SBA 504 Loan & Rates Monitor – April 2025

SBA 504 loan originations are up 21.0% as of March 31, 2025 compared to the prior fiscal year. This represents a modest deceleration compared to the 25.0% rise posted as of February 28, 2025. Year-to-date approval volumes are at the highest level in the last five...

SBA 504 Loan & Rates Monitor – March 2025

Four months into fiscal year 2025, SBA 504 loan originations are up 25.0% as of February 28, 2025 compared to the prior fiscal year. This represents a noticeable acceleration compared to the 18.5% rise posted as of January 31, 2025. Year-to-date approval volumes are...

SBA 504 Loan & Rates Monitor – January 2025

Three months into fiscal year 2025, SBA 504 loan originations are up 13.9% through December 31, 2024 compared to the prior year. This represents a modest deceleration compared to the 18.6% rise posted as of November 30, 2024. Year-to-date volumes are the highest since...

SBA 504 Loan & Rates Monitor – December 2024

Two months into fiscal year 2025, SBA 504 loan originations are up 18.6% through November 30, 2024 compared to the prior year. This represents a significant acceleration compared to the 8.8% rise posted as of October 31, 2024. Year-to-date results are the best since...

SBA 504 Loan & Rates Monitor – November 2024

After the first full month of fiscal year 2025, SBA 504 loan originations are up 8.8% compared to the prior year at October 31, 2024. This represents a significant acceleration compared to the 3.8% recorded for all of FY2024. Still, this month’s results show a big...

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...

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