Interest Rates, 73961 [E7-25232]

Download as PDF Federal Register / Vol. 72, No. 248 / Friday, December 28, 2007 / Notices Percent Other (Including Non-Profit Organizations) With Credit Available Elsewhere ................................. Businesses and Non-Profit Organizations Without Credit Available Elsewhere ......................... The number assigned to this disaster for physical damage is 11137. 5.250 4.000 (Catalog of Federal Domestic Assistance Number 59008) Herbert L. Mitchell, Associate Administrator for Disaster Assistance. [FR Doc. E7–25247 Filed 12–27–07; 8:45 am] BILLING CODE 8025–01–P SMALL BUSINESS ADMINISTRATION [Disaster Declaration # 11138] Washington Disaster # WA–00016 U.S. Small Business Administration. ACTION: Notice. AGENCY: SUMMARY: This is a Notice of the Presidential declaration of a major disaster for Public Assistance Only for the State of Washington (FEMA— 1734—DR), dated 12/08/2007. Incident: Severe Storms, Flooding, Landslides, and Mudslides. Incident Period: 12/01/2007 and continuing. 12/08/2007. Physical Loan Application Deadline Date: 02/07/2008. ADDRESSES: Submit completed loan applications to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155. FOR FURTHER INFORMATION CONTACT: A. Escobar, Office of Disaster Assistance, U.S. Small Business Administration, 409 3rd Street, SW., Suite 6050, Washington, DC 20416. SUPPLEMENTARY INFORMATION: Notice is hereby given that as a result of the President’s major disaster declaration on 12/08/2007, Private Non-Profit organizations that provide essential services of a governmental nature may file disaster loan applications at the address listed above or other locally announced locations. The following areas have been determined to be adversely affected by the disaster: Primary Counties: Grays Harbor, Kitsap, Lewis, Mason. Pacific, Thurston, The Interest Rates are: mstockstill on PROD1PC66 with NOTICES EFFECTIVE DATE: VerDate Aug<31>2005 22:27 Dec 27, 2007 Jkt 214001 73961 SUMMARY: The U.S. Small Business Administration (SBA) is considering Percent granting a request for a waiver of the Nonmanufacturer Rule for All Other Other (Including Non-Profit OrgaMiscellaneous Electrical Equipment and nizations) With Credit Available Elsewhere ................................. 5.250 Component Manufacturing. According to the request, no small business Businesses And Non-Profit Orgamanufacturers supply these classes of nizations Without Credit Available Elsewhere ......................... 4.000 products to the Federal government. If granted, the waiver would allow The number assigned to this disaster for physical damage is otherwise qualified regular dealers to 11138. supply the products of any domestic manufacturer on a Federal contract set (Catalog of Federal Domestic Assistance aside for small businesses; Number 59008) servicedisabled veteran-owned small businesses or SBA’s 8(a) Business Herbert L. Mitchell, Development Program. Associate Administrator for Disaster DATES: Comments and source Assistance. information must be submitted January [FR Doc. E7–25246 Filed 12–27–07; 8:45 am] 14, 2008. BILLING CODE 8025–01–P ADDRESSES: You may submit comments and source information to Pamela M. McClam, Program Analyst, U.S. Small SMALL BUSINESS ADMINISTRATION Business Administration, Office of Interest Rates Government Contracting, 409 3rd Street, SW., Suite 8800, Washington, DC 20416. The Small Business Administration FOR FURTHER INFORMATION CONTACT: publishes an interest rate called the Pamela M. McClam, Program Analyst, optional ‘‘peg’’ rate (13 CFR 120.214) on by telephone at (202) 205–7408; by FAX a quarterly basis. This rate is a weighted at (202) 481–4783; or by e-mail at average cost of money to the Pamela.McClam@sba.gov. government for maturities similar to the SUPPLEMENTARY INFORMATION: Section average SBA direct loan. This rate may 8(a)(17) of the Small Business Act (Act), be used as a base rate for guaranteed fluctuating interest rate SBA loans. This 15 U.S.C. 637(a)(17), requires that recipients of Federal contracts set aside rate will be 4.750 (4 3⁄4) percent for the for small businesses, service-disabled January–March quarter of FY 2008. veteran-owned small businesses, or Pursuant to 13 CFR 120.921(b), the SBA’s 8(a) Business Development maximum legal interest rate for any Program provide the product of a small third party lender’s commercial loan business manufacturer or processor, if which funds any portion of the cost of the recipient is other than the actual a 504 project (see 13 CFR 120.801) shall manufacturer or processor of the be 6% over the New York Prime rate or, product. This requirement is commonly if that exceeds the maximum interest referred to as the Nonmanufacturer rate permitted by the constitution or Rule. The SBA regulations imposing laws of a given State, the maximum this requirement are found at 13 CFR interest rate will be the rate permitted 121.406(b). Section 8(a)(17)(b)(iv) of the by the constitution or laws of the given Act authorizes SBA to waive the State. Nonmanufacturer Rule for any ‘‘class of products’’ for which there are no small Walter C. Intlekofer, business manufacturers or processors Acting Director, Office of Financial available to participate in the Federal Assistance. market. [FR Doc. E7–25232 Filed 12–27–07; 8:45 am] As implemented in SBA’s regulations BILLING CODE 8025–01–P at 13 CFR 121.1202(c), in order to be considered available to participate in the Federal market for a class of SMALL BUSINESS ADMINISTRATION products, a small business manufacturer must have submitted a proposal for a Small Business Size Standards: contract solicitation or received a Waiver of the Nonmanufacturer Rule contract from the Federal government AGENCY: U.S. Small Business within the last 24 months. The SBA defines ‘‘class of products’’ Administration. based on six digit coding system. The ACTION: Notice of intent to waive the coding system is the Office of nonmanufacturer rule for all other miscellaneous electrical equipment and Management and Budget North American Industry Classification component manufacturing. System (NAICS). PO 00000 Frm 00205 Fmt 4703 Sfmt 4703 E:\FR\FM\28DEN1.SGM 28DEN1

Agencies

[Federal Register Volume 72, Number 248 (Friday, December 28, 2007)]
[Notices]
[Page 73961]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-25232]


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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 4.750 (4 \3/4\) percent for the January-March quarter 
of FY 2008.
    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.

Walter C. Intlekofer,
Acting Director, Office of Financial Assistance.
[FR Doc. E7-25232 Filed 12-27-07; 8:45 am]
BILLING CODE 8025-01-P