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13 CFR §120.376

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
The following special conditions apply (otherwise, 7(a) loan eligibility criteria apply):
  1. (a)The Associate Administrator for Business Development may waive the direct loan administrative ceiling of $150,000, and raise it to $750,000.
  2. (b)The SBA portion of a guaranteed loan must not exceed $750,000.
  3. (c)The interest rate on a guaranteed loan shall be the same as on 7(a) guaranteed business loans. The interest rate on a direct loan shall be one percent less than on a regular direct loan.
  4. (d)For a direct loan or SBA's portion of an immediate participation loan, SBA shall subordinate its security interest on all collateral to other debt of the applicant.