[Federal Register Volume 60, Number 64 (Tuesday, April 4, 1995)]
[Notices]
[Pages 17094-17095]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-8164]



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SMALL BUSINESS ADMINISTRATION


Interest Rates

    The interest rate on Section 7(a) Small Business Administration 
direct loans (as amended by Pub. L. 97-35) and the SBA share of 
immediate participation loans is 8\7/8\ percent for the fiscal quarter 
beginning April 1, 1995.
    On a quarterly basis, the Small Administration also publishes an 
interest rate called the optional ``peg'' rate (13 CFR 122.8-4 (d)). 
This rate is a weighted average cost of money to the government for 
maturities similar to the average SBA loan. This rate may be used as a 
base rate for guaranteed fluctuating interest rate SBA loans. For the 
April-June quarter of FY 95, this rate will be 7\7/8\ percent.
John R. Cox,
Associate Administrator for Financial Assistance.
[FR Doc. 95-8149 Filed 4-3-95; 8:45 am]
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[[Page 17095]]


Small Business Investment Company Computation of Alternative 
Maximum Annual Cost of Money to Small Business Concerns

    13 CFR 107.302 limits maximum annual Cost of Money (as defined in 
13 CFR 107.3) that may be imposed upon a Small Concern in connection 
with Financing by means of Loans or through the purchase of Debt 
Securities. The cited regulation incorporates the term ``Debenture 
Rate'', which is defined elsewhere in 13 CFR 107.3 in terms that 
require SBA to publish, from time to time, the rate charged on ten-year 
debentures sold by Licensees to the public.
    Accordingly, Licensees are hereby notified that effective the date 
of publication of this Notice, and until further notice, the Debenture 
Rate for computation of maximum cost of money pursuant to 13 CFR 
107.302 is 7.84 percent per annum.
    13 CFR 107.302 does not supersede or preempt any applicable law 
imposing an interest ceiling lower than the ceiling imposed by its own 
terms. Attention is directed to Section 308(i) of the Small Business 
Investment Act of 1958, as amended, to that law's Federal override of 
State usury ceilings, and to its forfeiture and penalty provisions.

(Catalog of Federal Domestic Assistance Program No. 59.011, small 
business investment companies)

    Dated: March 29, 1995.
Robert D. Stillman,
Associate Administrator for Investment.
[FR Doc. 95-8164 Filed 4-3-95; 8:45 am]
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