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Benchmark Rates

The numbers your lender
is actually pricing from

Acquisition debt is quoted as a spread over a benchmark, not as a number a lender invents. The 504 debenture prices off the ten-year Treasury, and every constant maturity series below moves the quote a lender is about to hand you.

Reference benchmarks
5-Yr Treasury--%
7-Yr Treasury--%
10-Yr Treasury--%

Live feed unavailable. These are reference figures for illustration and must not be quoted.

Benchmark Rates

Treasury curve and lending benchmarks

The rates that actually price acquisition debt. SBA 7(a) floats over prime, the 504 debenture prices off the ten-year, and conventional lenders quote over SOFR or the corresponding Treasury.

Reference dataLive feed unavailable
Showing a reference snapshot
Prime Rate
--%
–no prior
Bank prime loan rate
5-Yr Treasury
--%
–no prior
Constant maturity Treasury
7-Yr Treasury
--%
–no prior
Constant maturity Treasury
10-Yr Treasury
--%
–no prior
Constant maturity Treasury
These are not live rates

The rate service could not be reached -- The rate service returned no usable series. The figures shown are a reference snapshot for layout and illustration only. Do not quote them, price a loan from them, or present them to a borrower.

Historical Trend

Rate history by maturity

Daily observations rolled up to the interval you pick, so short-term noise can be smoothed out or drilled into on the same series.

Maturity
Interval
Not enough observations for this maturity and interval.

Rate data sourced from Federal Reserve Economic Data (FRED), Federal Reserve Bank of St. Louis. FRED is a registered trademark of the Federal Reserve Bank of St. Louis and this tool is neither endorsed by nor affiliated with it. Constant maturity Treasury series are published once per business day, so figures shown are not real-time and are not quotes. Nothing here is a rate lock, a commitment, or lending advice. Confirm current pricing with an approved lender before relying on it.

Detail

Treasury rates in full

Every observation the rate service has for each maturity, with the day-over-day move alongside it. Sort any column or page through the full history.

#Date↓5 Years↕7 Years↕10 Years↕
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Why this needs a server

FRED requires an API key and does not send cross-origin headers, so a browser cannot call it directly and a key must never appear in client code. This table therefore reads from a proxy endpoint, which calls FRED server-side and caches the result. FRED publishes constant maturity Treasury series once per business day, so caching for fifteen to thirty minutes costs nothing in accuracy and avoids exhausting your rate limit.

Applied

What today's rates cost on your deal

Enter the amount you need to borrow. Each programme is priced off its own live benchmark using published maximum spreads, and amortised on the term that programme actually offers rather than a common one.

Loan required
Amount$1,500,000
Amount
$100K$5M
Base term10 years
5 yrs25 yrs
Read the term, not just the payment

The lowest monthly payment usually belongs to whichever option amortises longest, not whichever carries the lowest rate. A 504 blend over twenty years will beat a 7(a) over ten on monthly cost while costing considerably more in total interest, and a conventional note over seven years looks expensive monthly but may be cheapest overall before its balloon. Compare total interest alongside the payment, and remember a balloon is a refinancing you have not yet arranged.

Go deeper

Model the whole deal

This page prices a benchmark. These take the same numbers into a full underwriting, including fees, equity injection, coverage and eligibility.

Rate data sourced from Federal Reserve Economic Data (FRED), Federal Reserve Bank of St. Louis. This tool is neither endorsed by nor affiliated with the Federal Reserve. Indicative pricing applies published maximum programme spreads to the current benchmark and is not a quote, a rate lock or a commitment. Actual pricing depends on lender, programme, credit profile, collateral, equity injection and market conditions, and SBA maximum spreads change with programme rules. The 504 figure shown blends the CDC debenture with an assumed bank first mortgage and is illustrative only. Amortisation terms shown reflect typical programme maximums, not an offer. Confirm all pricing with an approved lender before relying on it. Nothing here is lending, tax or financial advice.