SBA 504 Interest Rates

The SBA 504 loan program provides below-market fixed interest rates for owner-occupied commercial real estate and other fixed asset purchases, such as machinery and equipment. 

To learn more about interest rates for our general business loan programs, visit our loan programs page.

SBA 504 Interest Rates

10 year term: as low as 2.29%

20 year term: as low as 2.37%

25 year term: as low as 2.41%

SBA 504 Refinance Interest Rates

10 year term: as low as 2.33%

20 year term: as low as 2.41%

25 year term: as low as 2.45%

Looking for interest rates for another loan program? View our full list of loan options.

What can the SBA 504 loan program be used for?

The SBA 504 loan program is a versatile program that you can use to fund expenses associated with the purchase of owner-occupied commercial real estate, property renovations, and/or heavy equipment. You can learn more about SBA 504 program specifics here.

You can also use the SBA 504 loan program to refinance loans that you previously took out to finance fixed asset projects, or to cash out on the value of your property to fund working capital needs. Learn more about the SBA 504 refinance program here.

The SBA 504 loan program is designed to help businesses of all shapes and sizes grow and create jobs and opportunity in their communities. Whether you’re a start-up or a well-established business, you can take advantage of the program’s affordable rates and terms.

What are the other benefits of the SBA 504 loan program?

In addition to low, fixed interest rates, the SBA 504 loan program provides you with other benefits that make large fixed asset purchases affordable. These benefits include:

  • Long terms: Terms of 10-, 20- and 25 years are available. Longer terms make the monthly payment on your loan more affordable.
  • Low down payments: Typically, a 504 loan will require the owner to put 10% down. This makes larger property purchases and renovations a reality for growing businesses.

What will my SBA 504 interest rate be?

Your final interest rate will be set when your SBA 504 loan is fully funded. Rates are subject to change monthly.

How do SBA 504 loans work?

SBA 504 loans are unique because they are always made in conjunction with a first mortgage provided by your bank. For a typical 504 loan, your bank will lend you 50% of the total project cost, Pursuit will lend you 40% of the total project cost, and you will be required to put 10% down. The interest rate for the first mortgage will be determined by your bank.

If you are interested in the 504 loan program, but are not yet working with a bank, contact us and we will put you in touch with a partner familiar with the SBA 504 loan program.

Let’s get started

You can start an application for an SBA 504 loan online in about 10 minutes. Once we have your basic information, you’ll speak with a loan officer who will walk you through the specifics and start your full application if you qualify.

Apply now


The SBA 504 loan program is administered by Pursuit CDC.

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