SBA SOP 50 10 8.1, App18.B.3 — SBA Express Loans

sba-sop81-app18-b-3

Verbatim text of SBA SOP 50 10 8.1 (with Technical Policy Updates) section App18.B.3 (SBA Express Loans). Effective 2026-10-01 for applications received by SBA on or after that date; SOP 50 10 8 governs applications submitted through 2026-09-30. 1 provision(s) quoted from SBA's .docx.

This register: .xlsx .csv

See also

SBA lending corpus: SOP 50 10 and the active notices, with the expiry watcher.

Verbatim regulatory text (1)

Verbatim provisions from SBA SOP 50 10 8.1, App18.B.3 — SBA Express Loans — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.

SOP 50 10 8.1 App18.B.3

Effective 2026-10-01 · publisher's stamp for this provision

3. SBA Express Loans All general interest rate requirements apply to SBA Express Loans with the following exception: a. Default Interest Rates: SBA Express loans allow a default interest rate. The default interest rate is a change (increase) in the interest rate charged to the Borrower upon occurrence of a default event. The Lender must use appropriate and commercially reasonable default interest rates consistent with those used for similar non-SBA guaranteed loans. i. For SBA Express variable rate loans, the Lender is not required to use the base rate identified above in this Appendix and in 13 CFR § 120.214(c). It may use the same base rate of interest it uses on its similarly-sized non-SBA guaranteed commercial loans, as well as its established change intervals, payment accruals, etc. However, the interest rate throughout the term of the loan may not exceed the maximum allowable 7(a) interest rate. Only term loans may be sold on the Secondary Market. Loans may only be sold on the Secondary Market if the base rate is one of the base rates allowed in 13 CFR § 120.214(c).

Source: SBA SOP 50 10 8.1, App18.B.3 — SBA Express Loans · source URL · snapshot 0fb0c4692cf52938

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Source of record: https://claudeforcompliance.com/regs/sba-sop81-app18-b-3/ · register sba-sop81-app18-b-3 · verbatim, source-snapshotted regulator text from the Claude for Compliance corpus. To work from every register at once, download the corpus and follow the methodology.