Notice2023-21712
Interest Rates
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
October 2, 2023
Issuing agencies
Small Business Administration
Full Text
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<title>Federal Register, Volume 88 Issue 189 (Monday, October 2, 2023)</title>
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[Federal Register Volume 88, Number 189 (Monday, October 2, 2023)]
[Notices]
[Page 67856]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-21712]
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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 4.13 percent for the October-December quarter of
fiscal year 2024. 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.
David Parrish,
Chief, Secondary Markets Division.
[FR Doc. 2023-21712 Filed 9-29-23; 8:45 am]
BILLING CODE P
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</html>Indexed from Federal Register on October 2, 2023.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.