87 FR 2 pgs. 262-263 - Interest Rates

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Type: NOTICEVolume: 87Number: 2Pages: 262 - 263

FR document: [FR Doc. 2021-28467 Filed 1-3-22; 8:45 am]

Agency: Small Business Administration

Official PDF Version: PDF Version

Pages: 262, 263

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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 1.75 percent for the January-March quarter of FY 2022.

[top] 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.

John Wade,

Chief, Secondary Market Division.

[FR Doc. 2021-28467 Filed 1-3-22; 8:45 am]

BILLING CODE P