88 FR 189 pg. 67856 - Interest Rates
Type: NOTICEVolume: 88Number: 189Page: 67856
Page: 67856FR document: [FR Doc. 2023-21712 Filed 9-29-23; 8:45 am]
Agency: Small Business Administration
Official PDF Version: PDF Version
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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 4.13 percent for the October-December quarter of fiscal year 2024. 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.
David Parrish,
Chief, Secondary Markets Division.
[FR Doc. 2023-21712 Filed 9-29-23; 8:45 am]
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