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79 FR 130 pgs. 38641-38642 - Interest Rates

Type: NOTICEVolume: 79Number: 130Pages: 38641 - 38642
FR document: [FR Doc. 2014-15742 Filed 7-7-14; 8:45 am]
Agency: Small Business Administration
Official PDF Version:  PDF Version
Pages: 38641, 38642

[top] page 38641

SMALL BUSINESS ADMINISTRATION

Interest Rates


[top] The Small Business Administration publishes an interest rate called the optional "peg" rate (13 CFR 120.214) on a quarterly basis. This rate is a weighted average cost of money to the government for maturities similar to the average SBA direct loan. This rate may page 38642 be used as a base rate for guaranteed fluctuating interest rate SBA loans. This rate will be 3.00 (3) percent for the July-September quarter of FY 2014.

Pursuant to 13 CFR 120.921(b), the maximum legal interest rate for any third party lender's commercial loan which funds any portion of the cost of a 504 project (see 13 CFR 120.801) shall be 6% over the New York Prime rate or, if that exceeds the maximum interest rate permitted by the constitution or laws of a given State, the maximum interest rate will be the rate permitted by the constitution or laws of the given State.

Linda S. Rusche,

Director, Office of Financial Assistance.

[FR Doc. 2014-15742 Filed 7-7-14; 8:45 am]

BILLING CODE 8025-01-P