SBA 504 Debenture Rates — October 2025
Effective rates priced October 2, 2025
SBA 504 debenture rates for October 2025 were priced on October 2, 2025. The 25-year standard effective rate came in at 5.922%, down 8 basis points from September 2025.
Standard Rates
10-Year
5.766%
unchanged from Sep 2025
20-Year
5.983%
−4 bps vs Sep 2025
25-Year
5.922%
−8 bps vs Sep 2025
Manufacturing Rates
10-Year Mfg
5.290%
20-Year Mfg
5.732%
25-Year Mfg
5.680%
Effective rates include ongoing servicing and guarantee fees. 10-year debentures are offered in alternating months; in months without a 10-year sale, the most recent offering's rate is shown. See data sources & methodology.