Notice; Interest Rates

---
identifier: "/us/fr/2014-07026"
source: "fr"
legal_status: "authoritative_unofficial"
title: "Notice; Interest Rates"
title_number: 0
title_name: "Federal Register"
section_number: "2014-07026"
section_name: "Notice; Interest Rates"
positive_law: false
currency: "2014-03-31"
last_updated: "2014-03-31"
format_version: "1.1.0"
generator: "[email protected]"
agency: "Small Business Administration"
document_number: "2014-07026"
document_type: "notice"
publication_date: "2014-03-31"
agencies:
  - "Small Business Administration"
fr_citation: "79 FR 18111"
fr_volume: 79
---


#  Notice; 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 3.375 (3 3/8 ) percent for the April-June quarter of FY 2014.

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.

Linda S. Rusche,

Director, Office of Financial Assistance.