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Home » 2007 Issues » 72 FR (10/03/2007) » E7-19483. Interest Rates

  E7-19483. Interest Rates  

  • Start Preamble

    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 5.125 (51/8 percent for the October-December quarter of FY 2008.

    Pursuant to 13 CFR 120.921(b), the maximum legal interest rate for a commercial loan which funds any portion of the cost of a project (see 13 CFR 120.801) shall be the greater of 6% over the New York Prime rate or the limitation established by the constitution or laws of a given State.

    Start Signature

    Grady B. Hedgespeth,

    Director, Office of Financial Assistance.

    End Signature End Preamble

    [FR Doc. E7-19483 Filed 10-2-07; 8:45 am]

    BILLING CODE 8025-01-P

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Document Information

Published:
10/03/2007
Department:
Small Business Administration
Entry Type:
Notice
Document Number:
E7-19483
Pages:
56432-56432 (1 pages)
PDF File:
e7-19483.pdf