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...

SBA 504 Loan & Rates Monitor – May 2024

For the first time in three months, it seems the data provided for year-to-date 504 lending volumes on the SBA website is up to date. Through April 30, 2024, 504 loan originations are down 1.2% compared to the same point in FY2023, a significant improvement from the...

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 – November 2023

Through the end of November 2023, loan originations under the 504 loan program are down 13.6% compared to the same point in FY2023, which represents a modest deterioration from the 13.3% decline versus the prior year measured one month ago. Although year-over-year...

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