09/23/2026
The Federal Reserve raised its target rate by 25 basis points, bringing the federal funds target range to 3.75%–4.00%.
For SBA 7(a) borrowers, rising base rates can translate into higher borrowing costs because most 7(a) loans use variable pricing tied to prime or another SBA-approved base rate. With the latest increase, maximum rates can now reach 10.00% on loans over $350,000 and up to 13.50% on smaller loans, depending on the loan size and structure.
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