“Peg” Rate Rises to 3⅛%

The Small Business Administration has set the optional “peg” rate for the October through December quarter of fiscal year 2014 at 3.125 percent. The prior quarter’s rate was 2.5 percent. The “peg” rate is a weighted average of the cost of money to the government for maturities similar to the average SBA direct loan. Pursuant to SBA 120.214, the rate may be used as a base for guaranteed fluctuating interest rate SBA loans. The text of the Federal Register notice appears at ¶70,425.508.