Interest Rates

Federal Register, Volume 81 Issue 193 (Wednesday, October 5, 2016)

Federal Register Volume 81, Number 193 (Wednesday, October 5, 2016)

Notices

Page 69182

From the Federal Register Online via the Government Publishing Office www.gpo.gov

FR Doc No: 2016-24034

Page 69182

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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 1.75 percent for the October-December quarter of FY 2017.

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.

Linda T. Reilly,

Acting Director, Office of Financial Assistance.

FR Doc. 2016-24034 Filed 10-4-16; 8:45 am

BILLING CODE 8025-01-P