SMALL BUSINESS ADMINISTRATION ISSUES RULE: 7(A) ALTERNATIVE BASE RATE OPTIONS

WASHINGTON, Feb. 10 -- Small Business Administration has issued a rule called: 7(a) Alternative Base Rate Options.

The rule was published in the Federal Register on Feb. 10 by Thomas Kimsey, Associate Administrator, Office of Capital Access.

Summary: SBA is introducing alternative base rate options for use with variable interest rate loans made under the 7(a) Loan Program. The alternative base rate options are also available for use under any 7(a) pilot loan programs, unless expressly prohibited.

For more information, contact For further information, contact Daniel Pische, Director, Office of Financial Assistance, Office of Capital Access, Small Business Administration, 202/205-7119 or [e-mail] phone number above may als...