Business · 14/12/2015

Guarantee Fee Rates for Guaranteed Loans for Fiscal Year 2016; Maximum Portion of Guarantee Authority Available for Fiscal Year 2016; Annual Renewal Fee for Fiscal Year 2016

The Small Business Administration (SBA) is issuing a notice to inform applicants about the guarantee fee rates for guaranteed loans under the Business and Industry (B&I) program for Fiscal Year 2016. The SBA will charge a maximum 3% guarantee fee and has established limits on the portion of its guarantee authority reserved for loans with reduced fees or higher guarantee percentages.