[Federal Register Volume 83, Number 128 (Tuesday, July 3, 2018)]
[Notices]
[Pages 31246-31247]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-14208]


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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 2.875 percent for the July-September quarter of FY 
2018.
    Pursuant to 13 CFR 120.921(b), the maximum legal interest rate for 
any third party lender's commercial loan

[[Page 31247]]

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.

Dianna L. Seaborn,
Director, Office of Financial Assistance.
[FR Doc. 2018-14208 Filed 7-2-18; 8:45 am]
 BILLING CODE P