80 FR 18922 - Interest Rates

SMALL BUSINESS ADMINISTRATION

Federal Register Volume 80, Issue 67 (April 8, 2015)

[Federal Register Volume 80, Number 67 (Wednesday, April 8, 2015)]
[Notices]
[Pages 18922-18923]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-08039]


=======================================================================
-----------------------------------------------------------------------

SMALL BUSINESS ADMINISTRATION


Interest Rates

    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 2.125 (2\1/4\) percent for the April-June quarter of 
FY 2015.
    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

[[Page 18923]]

laws of a given State, the maximum interest rate will be the rate 
permitted by the constitution or laws of the given State.

Linda S. Rusche,
Director, Office of Financial Assistance.
[FR Doc. 2015-08039 Filed 4-7-15; 8:45 am]
 BILLING CODE P