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 Information

Looking for details about the SBA 504 program? This is where we provide information on the purpose and structure of the 504 loan program and details about how 504 loans work.