13 CFR 120.213
§ 120.213 What fixed interest rates may a Lender charge?
United States · 13 CFR — Business Credit and Assistance · Status: effective
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- Citation
- 13 CFR 120.213, § 120.213 What fixed interest rates may a Lender charge?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/52053
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Full text
(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.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.