[Federal Register Volume 59, Number 13 (Thursday, January 20, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-1304]


[[Page Unknown]]

[Federal Register: January 20, 1994]


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SMALL BUSINESS ADMINISTRATION
 

Interest Rate

AGENCY: Small Business Administration.

action: Notice of interest rate.

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summary: Pursuant to 13 CFR 108.503-8(b)(4), the maximum legal interest 
rate for a commercial loan which funds any portion of the cost of a 
project (see 13 CFR 108.503-4) shall be the greater of 6% over the New 
York prime rate or the limitation established by the constitution or 
laws of a given State. For a fixed rate loan, the initial rate shall be 
the legal rate for the term of the loan.
John R. Cox,
Acting Assistant Administrator for Financial Assistance.
[FR Doc. 94-1304 Filed 1-19-94; 8:45 am]
BILLING CODE 8025-01-M