504 Historical Interest Rates

YearJanFebMarAprMayJunJulAugSeptOctNovDec
20203.63%3.38%2.80%2.96%2.68%2.52%2.34%
20194.75%4.64%4.58%4.36%4.26%3.97%3.90%3.52%3.35%3.39%3.67%3.57%
20184.64%4.94%4.92%5.02%5.21%5.31%5.25%5.29%5.24%5.15%5.25%4.92%
20174.58%4.60%4.82%4.62%4.66%4.59%4.76%4.53%4.37%4.57%4.51%4.50%
20164.82%4.31%4.54%4.30%4.31%4.22%4.08%4.09%4.08%3.99%4.35%4.59%
20154.59%4.53%4.79%4.58%4.84%5.05%4.95%4.89%4.89%4.76%4.74%4.86%
20145.53%5.30%5.30%5.28%5.18%5.08%4.94%4.95%4.99%4.81%4.87%4.77%
20134.20%4.28%4.29%4.15%4.14%4.52%5.22%5.23%5.69%5.44%5.45%5.45%
20124.83%4.70%4.79%4.74%4.45%4.49%4.45%4.44%4.27%4.25%4.16%4.00%
20115.73%6.06%5.93%5.89%5.63%5.51%5.58%5.13%4.69%4.83%4.94%4.94%
20105.79%5.55%5.60%5.77%5.52%5.29%5.21%4.93%4.62%4.95%5.09%5.56%
20096.66%5.70%5.60%5.25%5.37%5.89%5.24%5.39%5.14%5.33%5.50%5.46%
20086.14%6.13%6.46%6.34%6.46%6.65%6.84%6.99%6.57%6.57%7.72%7.17%
20076.29%6.26%6.20%6.29%6.28%6.68%6.79%6.75%6.53%6.54%6.48%6.26%
20066.39%6.53%6.75%6.82%7.05%7.00%7.25%6.88%6.72%6.55%6.54%6.09%
20056.15%5.92%6.24%6.40%6.13%5.86%6.04%6.41%6.05%6.38%6.54%6.57%
20046.35%6.14%5.76%6.19%6.60%6.94%6.61%6.59%6.41%6.28%6.30%6.16%

Chart above is a 20-year 504 loan program rate history from 2004 to 2020 (current) including fees to CDC, SBA and central serving agent based on debenture pricing published by NADCO.