Pool Loan Interest Law and Legal Definition

According to 13 CFR 120.1700 [Title 13 -- Business Credit and Assistance; Chapter I -- Small Business Administration; Part 120 -- Business Loans; Subpart J--Establishment of SBA Secondary Market Guarantee Program for First Lien Position 504 Loan Pools], Loan Interest refers to “the right to receive the owned portion of the principal balance of the Pool Loan together with interest thereon at a per annum rate in effect from time to time in accordance with the First Lien Position 504 Loan Pool Guarantee Agreement.”