| Page Range | 60663-60663 | |
| FR Document | 2017-27500 |
[Federal Register Volume 82, Number 244 (Thursday, December 21, 2017)] [Notices] [Page 60663] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-27500] ======================================================================= ----------------------------------------------------------------------- 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 2.375 percent for the January-March quarter of FY 2018. 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. Dianna L. Seaborn, Director, Office of Financial Assistance. [FR Doc. 2017-27500 Filed 12-20-17; 8:45 am] BILLING CODE 8025-01-P
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| FR Citation | 82 FR 60663 |