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Home » 2009 Issues » 74 FR (12/29/2009) » E9-30858. Interest Rates

  E9-30858. 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 3.750 (33/4) percent for the January-March quarter of FY 2010.

    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.

    Start Signature

    Grady B Hedgespeth,

    Director, Office of Financial Assistance.

    End Signature End Preamble

    [FR Doc. E9-30858 Filed 12-28-09; 8:45 am]

    BILLING CODE P

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Document Information

Published:
12/29/2009
Department:
Small Business Administration
Entry Type:
Notice
Document Number:
E9-30858
Pages:
68876-68876 (1 pages)
PDF File:
e9-30858.pdf