| 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 |
| 2011 |
October |
4.609% |
3.771% |
| 2011 |
May |
5.639%*** |
4.592%*** |
| 2011 |
April |
5.900%*** |
* |
2011 |
March |
5.941%*** |
4.894%*** |
2011 |
February |
6.071%*** |
* |
2011 |
January |
5.739%*** |
4.706%*** |
2010 |
December |
5.571%*** |
* |
2010 |
November |
4.663%** |
3.528%** |
2010 |
October |
4.521% |
* |
2010 |
September |
4.622% |
3.690% |
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% |
* Note: 10 year bonds are sold every other month |
|
** Rates apply to loans approved before September 30, 2010
*** Rates apply to loans approved after October 1, 2010 |
