![]() |
Code of Federal Regulations (Last Updated: May 6, 2024) |
![]() |
Title 13 - Business Credit and Assistance |
![]() |
Chapter I - Small Business Administration |
![]() |
Part 120 - Business Loans |
![]() |
Subpart B - Policies Specific to 7(a) Loans |
![]() |
Maturities; Interest Rates; Loan and Guarantee Amounts |
§ 120.215 - What interest rates apply to smaller loans?
Latest version.
-
§ 120.215 What interest rates apply to smaller loans?
For a loan over $25,000 but not exceeding $50,000, the interest rate may be one percent more than the maximum interest rate described above. For a loan of $25,000 or less, the maximum interest rate described above may be increased by two percentage points.
[61 FR 3235, Jan. 31, 1996; 61 FR 7986, Mar. 1, 1996]