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SMALL BUSINESS ADMINISTRATION
Small Business Administration
NOTICE: NOTICES
SUBJECT CATEGORY: Interest Rates
DOCUMENT SUMMARY:
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 4.625 (4 5/8) percent for the OctoberDecember quarter of FY 2009.
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.
Grady B. Hedgespeth,
Director, Office of Financial Assistance.
[FR Doc. E823110 Filed 93008; 8:45 am]
BILLING CODE 802501P
SUMMARY: Interest Rates,
DOCUMENT BODY 2:
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 4.625 (4 5/8) percent for the OctoberDecember quarter of FY 2009.
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.
Grady B. Hedgespeth,
Director, Office of Financial Assistance.
[FR Doc. E823110 Filed 93008; 8:45 am]
BILLING CODE 802501P
Common CFR Searches
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