1. LawStack
  2. Title 13 - Business Credit and Assistance
  3. Chapter I - SMALL BUSINESS ADMINISTRATION
  4. Part 120 - BUSINESS LOANS
  5. Subpart B - Policies Specific to 7(a) Loans
  6. Topic - Maturities; Interest Rates; Loan and Guarantee Amounts
  7. 13 CFR § 120.213
13 CFR § 120.213
What fixed interest rates may a Lender charge?
November 10, 2020
CFR

(a) Fixed Rates for Guaranteed Loans. A loan may have a reasonable fixed interest rate. SBA periodically publishes the maximum allowable rate in the Federal Register.

(b) Direct loans. A statutory formula based on the cost of money to the Federal government determines the interest rate on direct loans. SBA publishes the rate periodically in the Federal Register.

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§ 120.212 What limits are there on loan maturities?
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§ 120.214 What conditions apply for variable interest rates?

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