The SBA and PRO
Monday, May 10, 2010
SBA Rate Update
Indices:
PRIME RATE: 3.25%
SBA LIBOR Base Rate May 2010 = 3.28%
SBA Fixed Base Rate May 2010 = 6.48%
The maximum rate a lender can charge for a 7(a) loan is one of the above indices plus 2.75%
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