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83 FR 128 pgs. 31246-31247 - Interest Rates

Type: NOTICEVolume: 83Number: 128Pages: 31246 - 31247
FR document: [FR Doc. 2018-14208 Filed 7-2-18; 8:45 am]
Agency: Small Business Administration
Official PDF Version:  PDF Version
Pages: 31246, 31247

[top] page 31246

SMALL BUSINESS ADMINISTRATION

Interest Rates

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 be used as a base rate for guaranteed fluctuating interest rate SBA loans. This rate will be 2.875 percent for the July-September quarter of FY 2018.


[top] Pursuant to 13 CFR 120.921(b), the maximum legal interest rate for any third party lender's commercial loan page 31247 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. 2018-14208 Filed 7-2-18; 8:45 am]

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