PRR | Supplemental loan percentage |
9.00 and above | 10 |
8.01-8.99 | 20 |
8.00 and below | 30 |
Supplemental financing amount, new loan = [(A + B) * C] - D
where:
A = The total funds ($) actually advanced from the first loan, including both RUS loan funds and funds from the supplemental loan, plus any unadvanced funds still available to the borrower after the rescission.
B = The total amount ($) for facilities of the new loan request, including both RUS loan funds and funds from supplemental loans.
C = The proportion (%) of supplemental financing required on the loans according to paragraphs (a), (c)(1) and (c)(2) of this section.
D = The amount ($) of supplemental funds actually advanced on the first loan, plus any unadvanced supplemental funds still available to the borrower after the rescission.
Supplemental financing amount, new loan = (A * C1) + (B * C2)-D
where:
A = The total funds ($) actually advanced from the first loan, including both RUS loan funds and funds from the supplemental loan, plus any unadvanced funds still available to the borrower after the rescission.
B = The total amount ($) for facilities of the new loan request, including both RUS funds and funds from supplemental loans.
C1 = The proportion (%) of supplemental financing required on the old loan according to paragraphs (a), (c)(1) and (c)(2) of this section.
C2 = The proportion (%) of supplemental financing required on the new loan according to paragraphs (a), (c)(1) and (c)(2) of this section.
D = The amount ($) of supplemental funds actually advanced on the first loan, plus any unadvanced supplemental funds still available to the borrower after the rescission.
7 C.F.R. §1710.110