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Federal Register November 6 announces change to SBA fixed base rate, maximum allowable fixed interest rates

Because LIBOR will be phased out by the end of 2021, SBA has announced that the new "benchmark for the calculation of the maximum allowable fixed interest rate for a 7(a) loan" to be used for determining maximum allowable fixed rates will be the Prime Rate. To address differences between former Fixed Base Rate and Prime, SBA is increasing the maximum allowable spread AND that spread will no longer depend on the term of the loan:


Effective November 6 for “any complete 7(a) loan application received by SBA or any request for an SBA Loan Number submitted by a Lender with delegated authority (including fixed rate SBA Express and Export Express loans and excluding EWCP loans and Community Advantage loans).”  Prime on November 1, 2018 was 5.25%

NAGGL CEO Tony Wilkinson tells members HOW to share their input on SBA's important new Proposed Rule

Annual Conference 
November 13-15 • San Diego, CA

NAGGL's 2018 Annual Conference is officially SOLD OUTAbsolutely NO onsite registrations will be accepted. 

Agenda >

Session Descriptions >

FY18 SBA Top 30 Lenders List > (tab 1 - Loan Volume, tab 2 - Dollars Approved)

SBA Proposed Rule contains substantial proposed changes

Easy to read version >

SBA publishes Federal Register notice on Amendment to Delegation of Authority No. 12-G  More >

NEW - SBA Form 159 released

Form 159 dated 04-18 >

Notice 5000-18012 >

Federal Register Notice announces changes to the 7(a) Secondary Market

NAGGL article explaining Changes in the Secondary Market >

SBA announces FY 2019 fees in Information Notice 5000-180010 >

NAGGL-created fees chart >

SBA releases Loan Authorization Wizard, 2018 >

2018 7(a) Boilerplate >

SBA publishes version 14 of Servicing & Liquidation Actions 7(a) Lender matrix

This PDF highlights most of the changes >  |  Clean version > 


Click here to view Job Bank positions  >


SBA LIBOR Base Rate = 5.31%
History of SBA LIBOR base rate > 

Prime Rate =5.25%

SBA FIXED Base Rate = See Federal Register Notice above
Maximum allowable fixed rates >

SBA Optional Peg Rate = 2.88% [October 1-December 31, 2018]
[p. 127, SOP 50 10 5(I), "Base Rates will be rounded to two digits with .004 being rounded down and .005 being rounded up."]

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