Search Results for citation:"90 FR 13652"

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Search Results: citation:"90 FR 13652"

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  • 2025-04997 — North Haven Private Income Fund LLC, et al.
    Type:Notice
    Citation:90 FR 13652
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) has issued a notice about an application submitted by North Haven Private Income Fund LLC and related entities. These companies have requested permission to issue multiple classes of shares with different sales charges and distribution fees. The SEC will issue an order to grant this request unless someone requests a hearing. Hearing requests must be submitted to the SEC by April 14, 2025, and should explain why the hearing is necessary.

    Simple Explanation

    The SEC is looking at a request from some companies that want to sell different types of shares with special rules. They will say yes to this request unless someone asks for a meeting before April 14, 2025, and explains why it's needed.

  • 2025-04989 — Administrative Declaration of a Disaster for the State of Texas
    Type:Notice
    Citation:90 FR 13652
    Reading Time:about a minute or two

    The U.S. Small Business Administration announced an administrative disaster declaration for Texas following thunderstorms, straight-line winds, and tornadoes. This declaration allows affected businesses and residents in primary and surrounding counties, such as Dallas and Tarrant, to apply for disaster assistance loans. The deadline for physical injury loan applications is May 19, 2025, and for Economic Injury Disaster Loans (EIDL), it is December 19, 2025. Interested individuals can apply online via the MySBA Loan Portal or contact the SBA for more information.

    Simple Explanation

    The Small Business Administration said that because of a lot of bad weather with thunderstorms, strong winds, and tornadoes in Texas, businesses and people there can ask for special help called loans to fix things. These loans can help them fix damaged stuff or get money to keep their business going.

  • 2025-04987 — Interest Rates
    Type:Notice
    Citation:90 FR 13652
    Reading Time:less than a minute

    The Small Business Administration (SBA) has announced its new Optional Peg Rate for the April to June quarter of 2025, which is set at 4.75 percent. This rate is used as a base for determining interest rates on certain SBA loans with fluctuating rates. Additionally, for a 504 project loan, the maximum allowable interest rate from a Third Party Lender is capped at 6% above the New York Prime rate, unless state laws or constitutions dictate a lower maximum.

    Simple Explanation

    The Small Business Administration (SBA) sets a new interest rate of 4.75% for some loans—and if a bank wants to loan money to help build something special, like a new building, their interest can be up to 6% higher than the New York bank's big number, unless a different rule says otherwise.