[Federal Register Volume 60, Number 64 (Tuesday, April 4, 1995)]
[Notices]
[Pages 17094-17095]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-8164]
=======================================================================
-----------------------------------------------------------------------
SMALL BUSINESS ADMINISTRATION
Interest Rates
The interest rate on Section 7(a) Small Business Administration
direct loans (as amended by Pub. L. 97-35) and the SBA share of
immediate participation loans is 8\7/8\ percent for the fiscal quarter
beginning April 1, 1995.
On a quarterly basis, the Small 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 95, this rate will be 7\7/8\ percent.
John R. Cox,
Associate Administrator for Financial Assistance.
[FR Doc. 95-8149 Filed 4-3-95; 8:45 am]
BILLING CODE 8025-01-M
[[Page 17095]]
Small Business Investment Company Computation of Alternative
Maximum Annual Cost of Money to Small Business Concerns
13 CFR 107.302 limits maximum annual Cost of Money (as defined in
13 CFR 107.3) that may be imposed upon a Small Concern in connection
with Financing by means of Loans or through the purchase of Debt
Securities. The cited regulation incorporates the term ``Debenture
Rate'', which is defined elsewhere in 13 CFR 107.3 in terms that
require SBA to publish, from time to time, the rate charged on ten-year
debentures sold by Licensees to the public.
Accordingly, Licensees are hereby notified that effective the date
of publication of this Notice, and until further notice, the Debenture
Rate for computation of maximum cost of money pursuant to 13 CFR
107.302 is 7.84 percent per annum.
13 CFR 107.302 does not supersede or preempt any applicable law
imposing an interest ceiling lower than the ceiling imposed by its own
terms. Attention is directed to Section 308(i) of the Small Business
Investment Act of 1958, as amended, to that law's Federal override of
State usury ceilings, and to its forfeiture and penalty provisions.
(Catalog of Federal Domestic Assistance Program No. 59.011, small
business investment companies)
Dated: March 29, 1995.
Robert D. Stillman,
Associate Administrator for Investment.
[FR Doc. 95-8164 Filed 4-3-95; 8:45 am]
BILLING CODE 8025-01-M
Document Information
- Published:
- 04/04/1995
- Department:
- Small Business Administration
- Entry Type:
- Notice
- Document Number:
- 95-8164
- Pages:
- 17094-17095 (2 pages)
- PDF File:
-
95-8164.pdf