Interest Rates

Federal Register, Volume 82 Issue 11 (Wednesday, January 18, 2017)

Federal Register Volume 82, Number 11 (Wednesday, January 18, 2017)

Notices

Page 5627

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

FR Doc No: 2017-00973

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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 2.00 percent for the January-March 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.

Dianna Seaborn,

Acting Director, Office of Financial Assistance.

FR Doc. 2017-00973 Filed 1-17-17; 8:45 am

BILLING CODE P