[Federal Register Volume 59, Number 80 (Tuesday, April 26, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-9983]
[[Page Unknown]]
[Federal Register: April 26, 1994]
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SMALL BUSINESS ADMINISTRATION
Interest Rate
AGENCY: Small Business Administration.
ACTION: Notice of interest rate.
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SUMMARY: Pursuant to 13 CFR 108.503-8(b)(4), the maximum legal interest
rate for a commercial loan which funds any portion of the cost of a
project (see 13 CFR 108.503-4) 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. For a fixed rate loan, the initial rate shall be
the legal rate for the term of the loan.
John R. Cox,
Assistant Administrator for Financial Assistance.
[FR Doc. 94-9983 Filed 4-25-94; 8:45 am]
BILLING CODE 8025-01-M
