Federal Register / Vol. 85, No. 192 / Friday, October 2, 2020 / Notices 62363 revolving fund. SBA has determined Guide and all other appropriate SBA percentage points (i.e., decreasing the that the lower fees are reasonable to Secondary Market documents. minimum maturity ratio by 500 basis maintain sufficient funds in the DATES: This change will apply to SBA points). SBA does not expect a 5 revolving fund to cover the cost of 7(a) loan pools with an issue date on or percentage point reduction in the anticipated losses in the SBG program. after October 1, 2020. minimum maturity ratio to have an Although the report on the evaluation ADDRESSES: Address comments adverse impact on either the program or study found that the lower fees did not concerning this Notice to John M. Wade, the participants in the program. increase the number or values of bonds Chief Secondary Market Division, U.S. Therefore, effective October 1, 2020, all during the fee evaluation period, the Small Business Administration, 409 3rd guaranteed portions of loans in lower fees charged to the Principal and Street SW, Washington, DC 20416; or, Standard Pools and WAC Pools Surety will reduce the cost of bonding
[email protected]. presented for settlement with SBA’s to small businesses, and result in a FOR FURTHER INFORMATION CONTACT: John Fiscal Transfer Agent will be required to projected average annual cost savings of M. Wade, Chief, Secondary Market have a minimum maturity ratio of at $3.5 million for Principals and Sureties. Division at 202–205–3647 or least 89.0%.