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Interest Rates

89 Fed. Reg. 79327 (Sep. 27, 2024)

Interest Rates

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Federal RegisterSep 27, 2024
89 Fed. Reg. 79327 (Sep. 27, 2024)
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    Small Business Administration

    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 4.38 percent for the October-December quarter of FY 2025.

    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. 2024-22164 Filed 9-26-24; 8:45 am]

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