National Averages by Loan Type
Rates derived from Federal Reserve Economic Data (FRED), SBA published guidelines, and industry benchmarks. Actual rate depends on credit profile, LTV, DSCR, and lender.
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What Affects Your Rate
- Credit Score — Personal FICO for all owners with 20%+ stake. 680+ gets the best rates.
- LTV Ratio — Lower loan-to-value = less risk for lender = better rate. 65% LTV vs 80% can move your rate by 0.5–1%.
- DSCR — Debt Service Coverage Ratio. 1.35x+ typically unlocks the best commercial rates.
- Property Type — Multifamily and industrial often get better rates than hospitality or retail.
- Business History — 2+ years of operating history and stable revenue improves both approval odds and rate.
- Loan Size — SBA loans have different spread caps at different loan amounts.
How These Rates Are Calculated
- SBA 7(a) Variable — U.S. Prime Rate plus SBA-approved spread (2.25%–4.75% depending on size/term).
- SBA 504 — 10-year U.S. Treasury plus CDC debenture spread (~1.6%). Fixed for the life of the loan.
- Conventional CRE — Corresponding Treasury rate (5-yr or 10-yr) plus lender spread (2–3%).
- Bridge & Construction — Prime Rate plus risk spread (2–4%). Floating, adjusts with Prime.
- Equipment — Prime Rate plus equipment financing spread (~2–4.5%). Asset-backed.
- Base rates sourced from Federal Reserve Economic Data (FRED) daily. Updated weekly.
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