Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 13 - Business Credit and Assistance |
Chapter I - Small Business Administration |
Part 123 - Disaster Loan Program |
Subpart E - Pre-Disaster Mitigation Loans |
§ 123.406 - What is the interest rate on a pre-disaster mitigation loan?
Latest version.
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§ 123.406 What is the interest rate on a pre-disaster mitigation loan?
The interest rate on a pre-disaster mitigation loan will be fixed at 4 percent per annum or less. The exact interest rate will be stated in the Federal Register notice announcing each filing period (see § 123.407).