SBA Establishes Guarantee Fee Rates for FY 2019, Annual Renewal Fees for Business and Industry Loan Program

Summary

The Small Business Administration (SBA) has set the initial guarantee fee rate at 3% and the annual renewal fee rate at 0.5% for the Business and Industry (B&I) Guaranteed Loan Program, effective for fiscal year 2019, and requires borrowers to maintain an active System for Award Management (SAM) registration to ensure the enforceability of the guarantee.