SBA 504 Debenture Rates — January 2026
Effective rates priced January 8, 2026
SBA 504 debenture rates for January 2026 were priced on January 8, 2026. The 25-year standard effective rate came in at 5.852%, up 3 basis points from December 2025.
Standard Rates
10-Year
5.672%
+2 bps vs Dec 2025
20-Year
5.913%
+3 bps vs Dec 2025
25-Year
5.852%
+3 bps vs Dec 2025
Manufacturing Rates
10-Year Mfg
5.372%
+2 bps vs Dec 2025
20-Year Mfg
5.662%
+3 bps vs Dec 2025
25-Year Mfg
5.610%
+3 bps vs Dec 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.