{"data":{"id":"us/13-cfr-120.213","jurisdiction":"us","citation":"13 CFR 120.213","heading":"What fixed interest rates may a Lender charge?","body":"(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.\n(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.","path":["Title 13—Business Credit and Assistance","CHAPTER I—SMALL BUSINESS ADMINISTRATION","PART 120—BUSINESS LOANS","Subpart B—Policies Specific to 7(a) Loans"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-13.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:18Z","sha256":"ea0e10d213295512e31c2e14274ec4f024d1da5d1768b6b0a4ccb935c504deed","source_id":"us-cfr","stale":true,"prev":"us/13-cfr-120.212","next":"us/13-cfr-120.214"},"notice":"GroundRules: Original legal text. Not legal advice."}