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 5.375 (5 3/8) percent for the July—September quarter of FY 2002.Start Signature
LeAnn M. Oliver,
Deputy Associate Administrator for Financial Assistance.
[FR Doc. 02-16928 Filed 7-5-02; 8:45 am]
BILLING CODE 8025-01-P