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We are a bit over a month into the SBA’s fiscal year 2024, and the problem of stale and out-of-date data on the SBA’s website is getting worse.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...

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 – September 2023

With just one month remaining in the SBA fiscal year 2023, loan originations under the 504 loan program remainwell below the level of the prior two years. Through August 31, 2023, 504 loan originations are down 33.4% compared to the same point in FY2022, though this...

Monthly Updates

Read our monthly update on developments in the market for SBA 504 loans, CRA news, and interest rate trends.