Sba Interest Rate 2024. For 2024, sba loan rates have substantially increased due to the federal reserve raising the benchmark interest rate to lower inflation and manage the economy,. Maximum sba loan rates are determined based on the current prime rate (8.50% as of june 18, 2024), type of loan, loan amount and repayment term.
The interest rate is 3.25 percent with terms up to 30 years. The sba loan amortization schedule shows the interest and principal payments of.