Notice2023-28804
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
January 2, 2024
Issuing agencies
Small Business Administration
Full Text
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<title>Federal Register, Volume 89 Issue 1 (Tuesday, January 2, 2024)</title>
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[Federal Register Volume 89, Number 1 (Tuesday, January 2, 2024)]
[Notices]
[Page 120]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-28804]
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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 4.88 percent for the January-March quarter of FY 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 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 Market Division.
[FR Doc. 2023-28804 Filed 12-29-23; 8:45 am]
BILLING CODE P
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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.