| Current Interest Rates |
 |
| The table below represents the approximate effective interest rate of the SBA portion of a loan by averaging the note rate plus all servicing fees, amortized over the life of the loan. |
|
Year |
Month |
20 Year Loan |
10 Year Loan |
2010 |
August |
4.931% |
* |
2010 |
July |
5.213% |
4.169% |
2010 |
June |
5.294% |
* |
2010 |
May |
5.523% |
4.607% |
2010 |
April |
5.774% |
* |
2010 |
March |
5.605% |
4.602% |
2010 |
February |
5.555% |
* |
2010 |
January |
5.794% |
4.914% |
2009 |
December |
5.465%** |
* |
2009 |
November |
5.032%** |
4.151%** |
2009 |
October |
4.861% |
* |
2009 |
September |
5.143% |
4.256% |
2009 |
August |
5.393% |
* |
2009 |
July |
5.244% |
4.368% |
2009 |
June |
5.897% |
* |
2009 |
May |
5.374% |
4.490% |
2009 |
April |
5.254% |
* |
2009 |
March |
5.604% |
5.072% |
2009 |
February |
5.704% |
* |
2009 |
January |
6.669% |
6.321% |
2008 |
December |
7.171% |
* |
2008 |
November |
7.745% |
7.115% |
2008 |
October |
6.604% |
* |
2008 |
September |
6.574% |
6.364% |
* Note: 10 year bonds are sold every other month |
|
** Rates apply to loans approved before September 30, 2009 |
