Business · 04/01/2013

Guarantee Fee Rates for Guaranteed Loans for Fiscal Year 2013; Maximum Portion of Guarantee Authority Available for Fiscal Year 2013; Annual Renewal Fee for Fiscal Year 2013

The Agency is setting a renewal fee rate of 0.5% for the Business and Industry (B&I) Guaranteed Loan Program for Fiscal Year 2013, with a maximum guarantee fee of 3% for the year, as authorized by the 2012 Appropriations Bill. The fee will be based on the outstanding principal loan balance and the percent of guarantee, and will be adjusted if the 2013 Appropriations Bill reduces the fee authorization below 3%.