[Federal Register Volume 88, Number 189 (Monday, October 2, 2023)]
[Notices]
[Page 67856]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-21712]


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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 4.13 percent for the October-December quarter of 
fiscal year 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 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.

David Parrish,
Chief, Secondary Markets Division.
[FR Doc. 2023-21712 Filed 9-29-23; 8:45 am]
BILLING CODE P