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82 FR 190 pgs. 46119-46120 - Interest Rates

Type: NOTICEVolume: 82Number: 190Pages: 46119 - 46120
FR document: [FR Doc. 2017-21200 Filed 10-2-17; 8:45 am]
Agency: Small Business Administration
Official PDF Version:  PDF Version
Pages: 46119, 46120

[top] page 46119

SMALL BUSINESS ADMINISTRATION

Interest Rates


[top] The Small Business Administration publishes an interest rate called the page 46120 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 be used as a base rate for guaranteed fluctuating interest rate SBA loans. This rate will be 2.50 percent for the October-December quarter of FY 2018.

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.

Dianna L. Seaborn,

Director, Office of Financial Assistance.

[FR Doc. 2017-21200 Filed 10-2-17; 8:45 am]

BILLING CODE 8025-01-P