SBA 504 Loan & Rates Monitor – April 2024

504 loan originations are down 3.1% compared to the same point in FY2023, a significant improvement from the 22.1% decline reported at the end of February 2024. SBA 7(a) originations are now up 1.7% compared to the same period in FY2023, which is a drastic improvement...

SBA 504 Loan & Rates Monitor – March 2024

Originations are down 22.1% compared to the same point in FY2023, noticeably lower than the 7.5% decline marked at the end of January 2024. We suspect that the program running the data has trouble recognizing February 29th, but multiple efforts to contact the SBA...

SBA 504 Loan & Rates Monitor – January 2024

Through the end of December 2023, loan originations under the 504 loan program are down 5.8% compared to the same point in FY2023. This represents a noticeable improvement from the 13.6% decline versus the prior year measured one month ago. Comparisons to recent past...

SBA 504 Loan & Rates Monitor – December 2023

We are a bit over a month into the SBA’s fiscal year 2024, and the problem of stale and out-of-date data on the SBA’s website is getting worse. Through the end of October, loan originations under the 504 loan program, 504 loan originations are down 13.3% compared to...

SBA 504 Loan & Rates Monitor – October 2023

September 30 marks the end of the SBA’s fiscal year 2023, and loan originations under the 504 loan program concluded the year at substantially lower levels than in the prior two years. For the full fiscal year 2023, 504 loan originations are down 30.3% compared to...

SBA 504 Loan & Rates Monitor – August 2023

Loan originations under the 504 loan program remain well below the level of the prior two years so far in FY2023. Through July 31, 2023, 504 loan originations are down 33.5% compared to the same point in FY2022, though this is a modest improvement from the 34.2%...

SBA 504 Loan & Rates Monitor – July 2023

Loan originations under the 504 loan program remain well below the level of the prior two years so far in FY2023. Through June 30, 2023, 504 loan originations are down 34.2% compared to the same point in FY2022, though this is a modest improvement from the 35.8%...

SBA 504 Loan & Rates Monitor – June 2023

Loan originations under the 504 loan program remain well below the level of the preceding year so far in FY2023, and are currently just slightly above where they were at the same point in FY2020. Through May 31, 2023, 504 loan originations are down 35.8% compared to...

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