NAGGL (National Association of Government Guaranteed Lenders)’s Post

FEBRUARY RATES Prime Rate = 8.50%  Fixed Interest Rate Base = Prime [+ allowable spreads] SBA LIBOR was officially sunset on 6/30/2023 SBA Optional Peg Rate = 4.88% [January 1, 2024 - March 31, 2024] [SOP 50 10 5, "Base Rates will be rounded to two digits with .004 being rounded down and .005 being rounded up."] #sbalending #sba7a

Monthly Rates || February 2024 - NAGGL

Monthly Rates || February 2024 - NAGGL

naggl.org

James Matteson

First Vice President-SBA Program Manager at First American Bank

8mo

Hoping for the SBA to allow other base rates in the future!

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