By Government Contracts Editorial Staff
The Small Business Administration has set the optional “peg” rate for the April through June quarter of Fiscal Year 2021 at 1.38 percent. The prior quarter’s rate was 1.13 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 can serve as a base for guaranteed fluctuating interest rate SBA loans. A listing of changes to the peg rate since 2001 appears at ¶128.05. For the text of the April 1, 2021, Federal Register notice, see 86 FR 17263.
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