[Federal Register: March 25, 2008 (Volume 73, Number 58)] [Notices] [Page 15828] From the Federal Register Online via GPO Access [wais.access.gpo.gov] [DOCID:fr25mr08-114] ======================================================================= ----------------------------------------------------------------------- SMALL BUSINESS ADMINISTRATION Notice; 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 4.375 (4\3/8\) percent for the April-June quarter of FY 2008. 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. James W. Hammersley, Acting Director, Office of Financial Assistance. [FR Doc. E8-5946 Filed 3-24-08; 8:45 am] BILLING CODE 8025-01-P