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SBA RIN: 3245-AF83 Publication ID: Spring 2009 
Title: ●Business Loan Program Regulations: Incorporation of London Interbank Offered Rate  
Abstract: To address extraordinary market conditions limiting credit availability for small businesses, SBA is issuing an interim final rule to make adjustments on an emergency basis to certain of its regulations in order to make the secondary market for loans guaranteed under section 7(a) of the Small Business Act (7(a) loans) more efficient with regard to loan pricing and the formation of secondary market loan pools. Specifically, the interim final rule will permanently add an additional base rate of LIBOR for lenders to use when pricing 7(a) loans, and will allow for secondary market loan pools to be formed with weighted average coupon rates. This interim final rule is necessary to help ensure continued availability of capital to small businesses and to improve liquidity in and efficiency of the secondary market. 
Agency: Small Business Administration(SBA)  Priority: Other Significant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 13 CFR 120.214, 120.600, 120.610(e)    ...     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 15 USC 634(b)(6),15 USC 634(f)(3), and 15 USC 636(a)(4)(A)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Interim Final Rule  11/13/2008  73 FR 67099   
Interim Final Rule Comment Period End  12/15/2008    
Comment Period Reopened  01/14/2009  74 FR 1992   
Interim Final Rule Comment Period End  04/14/2009    
Final Action  10/00/2009    
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Grady Hedgespeth
Director, Office of Financial Assistance
Small Business Administration
409 Third Street SW.,
Washington, DC 20416
Phone:202 205-7562
Fax:202 481-0248
Email: grady.hedgespeth@sba.gov