---
kind: "section"
citation: "13 C.F.R. § 120.213"
title: "13"
number: "120.213"
heading: "What fixed interest rates may a Lender charge?"
url: "https://uscodex.org/cfr/13/120.213"
---

# §120.213. What fixed interest rates may a Lender charge?

- (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.

## Notes

### Authority

Authority: 15 U.S.C. 634(b) (6), (b) (7), (b) (14), (h), and note, 636(a), (h) and (m), 650, 687(f), 696(3) and (7), and 697(a) and (e); sec. 521, Pub. L. 114-113, 129 Stat. 2242; sec. 328(a), Pub. L. 116-260, 134 Stat. 1182.

### Source

Source: 61 FR 3235, Jan. 31, 1996, unless otherwise noted.