Pandemic Darlings The pandemic economy, in original documents
Home Source documents SBA Information Notice 5000-820325, 1st Quarter "Peg" Rate

SBA Information Notice 5000-820325, 1st Quarter "Peg" Rate

Summary

SBA Information Notice, Control No. 5000-820325, effective September 30, 2021, to all SBA employees, on the 1st quarter peg rate, the direct interest rate and the maximum interest rate of a third party lender loan for a 504 project. It states that the interest rate on Section 7(a) Direct Business Loans is 2.63 percent for the fiscal quarter beginning October 1, 2021, for information only. The optional peg rate for fluctuating interest rates on guaranty loans is 1.63 percent for the October – December quarter of FY 2022. It cites 13 CFR 120.921(b) for the maximum third party lender rate.

Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used

Full text

                           SBA Information Notice

TO: All SBA Employees                                                               CONTROL NO.: 5000-820325

SUBJECT: 1st Quarter "Peg" Rate, Direct                                             EFFECTIVE:   September 30, 2021
Interest Rate and Maximum Interest Rate of a Third
Party Lender Loan for a 504 Project




The interest rate on Section 7(a) Direct Business Loans is 2.63 percent (2.63%) for the fiscal
quarter beginning October 1, 2021. (Information only – no direct funds available at this time.)
The optional peg rate for fluctuating interest rates on guaranty loans is 1.63 percent (1.63%) for
the October – December quarter of FY 2022

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.




Dianna L. Seaborn
Director
Office of Financial Assistance




PAGE 1 of 1                                                                                        EXPIRES: 9/1/22
SBA Form 1353.3 (4-93) MS Word Edition; previous editions obsolete
Must be accompanied by SBA Form 58

                                    Federal Recycling Program   Printed on Recycled Paper

File and source

File
2021-10_5000-820325-508.pdf
Size
91,078 bytes
SHA-256
cfa5048235a34781626a9bc3d9eb6409d2e4c8f310382fd5a33e379b144f89f8
Our copy
2021-10_5000-820325-508.pdf
Original
www.sba.gov
Back to top