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SBA 7(a) Loan Rates

Prime Rate + Risk-Based Spreads

FRED API (Live) · Updated: 5/22/2026, 5:03:43 PM
Current Prime RateWPRIME
6.75%

Latest Data

Good Profile+2.75%
9.50%

Prime + 2.75%

Average Profile+4%
10.75%

Prime + 4%

High Risk Profile+5.25%
12.00%

Prime + 5.25%

SBA 7(a) Loan Rates
3 Year Prime Rate History + Risk-Based Spreads
FAQ
History Range
Good (+2.75%)
Average (+4%)
High (+5.25%)
Period High
8.50%
Period Low
6.75%
Period Avg
7.82%
Current vs Avg
-1.07%
SBA Loan Pricing

The Wall Street Journal Prime Rate (WPRIME) is the base rate used by most SBA lenders. This is the rate that banks charge their most creditworthy customers and serves as the foundation for SBA loan pricing.

Risk-Based Spreads

SBA loan rates are calculated as Prime Rate + Risk-Based Spread. The spread depends on your credit profile and business risk:

  • Good Profile (+2.75%): Strong credit history, established business, low risk profile
  • Average Profile (+4%): Moderate credit history, some business history, standard risk profile
  • High Risk Profile (+5.25%): Weaker credit history, newer business, higher risk profile

SBA loan rate estimates are based on historical Prime Rate data and typical risk-based spreads. This is for informational purposes only and should not be considered financial advice. Actual rates may vary based on lender, loan terms, and individual creditworthiness.

Exploring SBA financing?

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