SBA market intelligence for lenders and CDCs
Monitor loan volumes, lender rankings, benchmark rates, and industry developments across 7(a) and 504.
7(a) FY26 YTD
$0
504 FY26 YTD
$0
25-Yr Rate (504)
0.000%
Oct 2026
Market snapshot
Data sources & methodology7(a) Program
FY2026 YTD · through Sep 2026
$32.4B
56,130
loans
$578K
avg size
504 Program
FY2026 YTD · through Sep 2026
$7.1B
6,075
loans
$1.2M
avg size
504 Debenture Rates
Effective Oct 8, 2026
| Term | Standard | Mfg |
|---|---|---|
| 10-Year | 6.600% | 6.301% |
| 20-Year | 6.975% | 6.725% |
| 25-Year | 6.974% | 6.740% |
Latest news
Updates from across the SBA lending industry
SBA Doubles Cumulative 7(a) and 504 Loan Limit to $10 Million
Effective July 4, 2026, the SBA now allows qualified borrowers to combine 7(a) and 504 loans for up to $10 million in total SBA-backed financing—$5 million per program—by decoupling 7(a) balances from 504 limits, up from the prior $5 million cumulative cap. Small manufacturers, who can already secure unlimited project-based 504 loans, are also newly eligible for up to $5 million through the 7(a) program. Lenders and CDCs should note the change raises the agency's maximum financing offering to its highest level ever after more than a decade without an increase.
Coleman Conversation: APS Advisory's Michael Crocefoglia on Operational Due Diligence in SBA Deals
In an October 14, 2026 episode of A Coleman Conversation, Bob Coleman interviews Michael Crocefoglia, founder of APS Advisory, about using operational due diligence to help SBA lenders and business buyers identify acquisition risks not visible in financial statements. Crocefoglia explains how his firm evaluates supplier concentration, labor costs, equipment and CapEx, owner dependency, and transition readiness, and how such analysis differs from a Quality of Earnings report as SBA-financed acquisitions grow larger.
NAGGL Urges OCC and FDIC to Strengthen CRA Credit for SBA 7(a) Loans
On October 13, 2026, NAGGL submitted formal comments to the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) on their proposed Community Reinvestment Act regulations, urging fuller recognition of the SBA 7(a) Loan Program's economic-development mission. The comments advance three priorities: expressly listing 7(a) as a qualifying federal economic-development program, distinguishing 7(a) loans from conventional retail lending for community-development consideration, and extending geographic flexibility to nationwide 7(a) lenders operating beyond their traditional assessment areas.
FY2026 SBA 7(a) Volume Falls 13%; Live Oak, Newtek Lead as Bank of Hope Enters Top 10
Overall SBA 7(a) approval dollars fell 13% to $32.43 billion in FY2026, with loan count dropping 28.1% to 56,130, according to Coleman Report's annual rankings. Live Oak Banking Company remained the top lender for the ninth consecutive year with $2.58 billion, while Bank of Hope jumped from 20th to sixth and US Metro Bank rose from 25th to 10th; Readycap Lending, JPMorgan Chase, and First Internet Bank of Indiana fell out of the top 10.
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