Subpart B. Subpart B—Policies Specific to 7(a) Loans

• Bonding Requirements

  • SECTION § 120.200 - What bonding requirements exist during construction?

• Limitations on Use of Proceeds

  • SECTION § 120.201 - Refinancing unsecured or undersecured loans.
  • SECTION § 120.202 - Loans for changes of ownership.

• Maturities; Interest Rates; Loan and Guarantee Amounts

  • SECTION § 120.210 -
  • SECTION § 120.211 - What limits are there on the amounts of direct loans?
  • SECTION § 120.212 - What limits are there on loan maturities?
  • SECTION § 120.213 - What fixed interest rates may a Lender charge?
  • SECTION § 120.214 - What conditions apply for variable interest rates?

• Fees for Guaranteed Loans

  • SECTION § 120.220 - Fees that Lender pays SBA.
  • SECTION § 120.221 - Fees and expenses that the Lender may collect from a loan applicant or Borrower.
  • SECTION § 120.222 - Prohibition on sharing premiums for secondary market sales.
  • SECTION § 120.223 - Subsidy recoupment fee payable to SBA by Borrower.