94-7358. Interest Rates; Quarterly Determinations

[Federal Register Volume 59, Number 60 (Tuesday, March 29, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-7358]


[[Page Unknown]]

[Federal Register: March 29, 1994]


-----------------------------------------------------------------------


SMALL BUSINESS ADMINISTRATION
 

Interest Rates; Quarterly Determinations

    The interest rate on Section 7(a) Small Business Administration 
direct loans (as amended by P.L. 97-35) and the SBA share of immediate 
participation loans is 7 percent for the fiscal quarter beginning April 
1, 1994.
    On a quarterly basis, the Small Business Administration also 
publishes an interest rate called the optional ``peg'' rate (13 CFR 
122.8-4) (d)). This rate is a weighted average cost of money to the 
government for maturities similar to the average SBA loan. This rate 
may be used as a base rate for guaranteed fluctuating interest rate SBA 
loans. For the April-June quarter of FY 94, this rate will be 6 
percent.
John R. Cox,
Assistant Administrator for Financial Assistance.
[FR Doc. 94-7358 Filed 3-28-94; 8:45 am]
BILLING CODE 8025-01-M