Interest Rates

Federal Register: April 1, 2009 (Volume 74, Number 61)


Page 14837

From the Federal Register Online via GPO Access []



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 3.375 (3\3/8\) percent for the April-June 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


Grady B. Hedgespeth,

Director, Office of Financial Assistance.

FR Doc. E9-7315 Filed 3-31-09; 8:45 am


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