Interest Rates

• Published date: 03 April 2024
• Record Number: 2024-06981
• Citation: 89 FR 23078
• Court: Small Business Administration
• Section: Notices

Federal Register, Volume 89 Issue 65 (Wednesday, April 3, 2024)

[Federal Register Volume 89, Number 65 (Wednesday, April 3, 2024)]
                [Notices]
                [Page 23078]
                From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
                [FR Doc No: 2024-06981]
                =======================================================================
                -----------------------------------------------------------------------
                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 4.25 percent for the April-June quarter of FY 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 Market Division.
                [FR Doc. 2024-06981 Filed 4-2-24; 8:45 am]
                BILLING CODE P