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Code · CFR · Title 13 — Business Credit and Assistance · Part 120 — Business Loans · § 120.213

§ 120.213. What fixed interest rates may a Lender charge?

58 words·~1 min read·/us/cfr/t13/s§ 120.213·

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(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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