SBA 7(a) Interest Rate Maximums:

The SBA sets maximum interest rates for SBA 7(a) loans that vary depending on the size of the loan, the term of the loan and whether or not the lender providing the loan chooses to use variable or fixed rate pricing.

Understanding the SBA 7(a) Interest Rate

Current base rates are listed on our Home Page.

As a general rule on variable rate loans, which is typical for SBA 7(a) loans, the following guidelines apply:

• Maturities under 7 yrs = > PRIME/LIBOR Base Rate + 2.25%
• Maturities of 7 yrs or more = > PRIME/LIBOR Base Rate + 2.75%
• Loan amounts of $25,000 or less = > Can be higher by 2% above standard rate maximum
• Loan amounts of $25,000-$50,000 = > Can be higher by 1% above standard rate maximum
• New fixed rate option