[Federal Register Volume 72, Number 191 (Wednesday, October 3, 2007)]
[Notices]
[Page 56432]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-19483]


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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 5.125 (5\1/8\ percent for the October-December 
quarter of FY 2008.
    Pursuant to 13 CFR 120.921(b), the maximum legal interest rate for 
a commercial loan which funds any portion of the cost of a project (see 
13 CFR 120.801) 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.

Grady B. Hedgespeth,
Director, Office of Financial Assistance.
 [FR Doc. E7-19483 Filed 10-2-07; 8:45 am]
BILLING CODE 8025-01-P