[Federal Register Volume 80, Number 247 (Thursday, December 24, 2015)] [Notices] [Page 80441] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 2015-32464] ----------------------------------------------------------------------- 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 2.38 percent for the January-March quarter of FY 2016. 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 T. Reilly, Acting Director, Office of Financial Assistance. [FR Doc. 2015-32464 Filed 12-23-15; 8:45 am] BILLING CODE 8025-01-P