We are a Commercial Loan Brokerage shop with over 500 funding partners and over 50 SBA funding partners. I would say the vast majority, 95%+ of SBA lenders, are providing variable rate SBA 7A loans. Those that are offering fixed rates, the rates tend to be a bit higher and they are very selective in the deals they will offer them on. Most of the pricing we are seeing get done is in the Prime + 1.50% to Prime + 2.50% range. If there is real estate involved the rate tends to get lower than a deal that is all business assets. I have not seen anyone pricing deals right around Prime, at least not any of the specialty SBA shops. I hope this helps.

The spread over Prime depends both the bank and the specifics of the deal. If you want to discuss which banks like various types of deals and hence are more aggressive with their pricing, please reach out. redacted