SBA 504 Debenture Rates — December 2025
Effective rates priced December 4, 2025
SBA 504 debenture rates for December 2025 were priced on December 4, 2025. The 25-year standard effective rate came in at 5.822%, down 4 basis points from November 2025.
Standard Rates
10-Year
5.652%
unchanged from Nov 2025
20-Year
5.883%
−4 bps vs Nov 2025
25-Year
5.822%
−4 bps vs Nov 2025
Manufacturing Rates
10-Year Mfg
5.351%
unchanged from Nov 2025
20-Year Mfg
5.632%
−4 bps vs Nov 2025
25-Year Mfg
5.580%
−4 bps vs Nov 2025
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.