[Federal Register Volume 89, Number 65 (Wednesday, April 3, 2024)]
[Notices]
[Page 23078]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-06981]


=======================================================================
-----------------------------------------------------------------------

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 4.25 percent for the April-June quarter of FY 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 Market Division.
[FR Doc. 2024-06981 Filed 4-2-24; 8:45 am]
BILLING CODE P