Here are the Prime Interest Rates since 1990:
| Effective Date | Prime Rate |
| 3/16/2020 | 3.25% |
| 3/4/2020 | 4.25% |
| 10/31/2019 | 4.75% |
| 9/19/2019 | 5.0% |
| 8/1/2019 | 5.25% |
| 12/20/2018 | 5.50% |
| 9/27/2018 | 5.25% |
| 6/14/2018 | 5.00% |
| 3/22/2018 | 4.75% |
| 12/14/2017 | 4.50% |
| 6/15/2017 | 4.25% |
| 3/16/2017 | 4.00% |
| 12/15/2016 | 3.75% |
| 12/17/2015 | 3.50% |
| 12/16/2008 | 3.25% |
| 10/29/2008 | 4.00% |
| 10/8/2008 | 4.50% |
| 4/30/2008 | 5.00% |
| 3/18/2008 | 5.25% |
| 1/30/2008 | 6.00% |
| 1/22/2008 | 6.50% |
| 12/11/2007 | 7.25% |
| 10/31/2007 | 7.50% |
| 9/18/2007 | 7.75% |
| 6/29/2006 | 8.25% |
| 5/10/2006 | 8.00% |
| 3/28/2006 | 7.75% |
| 1/31/2006 | 7.50% |
| 12/13/2005 | 7.25% |
| 11/1/2005 | 7.00% |
| 9/20/2005 | 6.75% |
| 8/9/2005 | 6.50% |
| 6/30/2005 | 6.25% |
| 5/3/2005 | 6.00% |
| 3/22/2005 | 5.75% |
| 2/2/2005 | 5.50% |
| 12/14/2004 | 5.25% |
| 11/10/2004 | 5.00% |
| 9/21/2004 | 4.75% |
| 8/10/2004 | 4.50% |
| 6/30/2004 | 4.25% |
| 6/27/2003 | 4.00% |
| 11/7/2002 | 4.25% |
| 12/12/2001 | 4.75% |
| 11/7/2001 | 5.00% |
| 10/3/2001 | 5.50% |
| 9/17/2001 | 6.00% |
| 8/22/2001 | 6.50% |
| 6/28/2001 | 6.75% |
| 5/16/2001 | 7.00% |
| 4/19/2001 | 7.50% |
| 3/21/2001 | 8.00% |
| 2/1/2001 | 8.50% |
| 1/4/2001 | 9.00% |
| 5/17/2000 | 9.50% |
| 3/22/2000 | 9.00% |
| 2/3/2000 | 8.75% |
| 11/17/1999 | 8.50% |
| 8/25/1999 | 8.25% |
| 7/1/1999 | 8.00% |
| 11/18/1998 | 7.75% |
| 10/16/1998 | 8.00% |
| 9/30/1998 | 8.25% |
| 3/26/1997 | 8.50% |
| 1/31/1996 | 8.25% |
| 12/20/1995 | 8.50% |
| 7/7/1995 | 8.75% |
| 2/1/1995 | 9.00% |
| 11/15/1994 | 8.50% |
| 8/16/1994 | 7.75% |
| 5/17/1994 | 7.25% |
| 4/19/1994 | 6.75% |
| 3/23/1994 | 6.25% |
| 7/2/1992 | 6.00% |
| 12/31/1991 | 6.50% |
| 11/6/1991 | 7.50% |
| 9/13/1991 | 8.00% |
| 5/1/1991 | 8.50% |
| 2/1/1991 | 9.00% |
| 2/1/1991 | 9.00% |
| 12/20/1990 | 9.50% |
| 1/8/1990 | 10.00% |
Before the Prime Interest Rate changes again:
Request a SBA Loan Pre-Qualification to Find Out 1) How Much, and 2) The Lowest Interest Rate You Qualify For! Submit your information online if you are interested in financing an acquisition of a Childcare Center, or starting a childcare center.
Complete an online application and submit it now to get started TODAY!
How Much You Can Save By Refinancing Your Current Loan? Submit your information online if you are interested in refinancing an existing Childcare Center loan.
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JayWhitney@ChildcareBrokers.com 770-410-7582