Rules and Regulations. SMALL BUSINESS ADMINISTRATION
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/register/2018/12/28/2018-28307A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
BILLING CODE 8025-01-P SMALL BUSINESS ADMINISTRATION Notice of 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 3.125 percent for the January-March quarter of FY 2019.
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. 2018-28307 Filed 12-27-18; 8:45 am]
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