Notices. SMALL BUSINESS ADMINISTRATION SBA
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/register/2019/03/22/2019-05544·A 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 SBA Guaranteed Business Loans to Cooperatives Correction In notice document 2019-04940, appearing on page 9858, in the issue of Monday, March 18, 2019 make the following correction: On page 9858, in the second column, in the third paragraph, beginning on the second line, “ *http://ems8.intellor.com/do=register&t=1&p=813511”* should read, “ *http://ems8.intellor.com?do=register&t=1&p=813511”.* [FR Doc. C1-2019-04940 Filed 3-21-19; 8:45 am] BILLING CODE 1301-01-D 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 2.88 percent for the April-June 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. 2019-05544 Filed 3-21-19; 8:45 am]
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