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SBA

RIN: 3245-AF99

Publication ID: Spring 2015

Title: Implementation of Small Business Disaster Response and Loan Improvement Act: Private Disaster Loan Program
Abstract: This proposed rule would establish and implement a private disaster loan program under which SBA will guarantee loans made by qualified lenders to eligible small businesses and homeowners located in a catastrophic disaster area. Private disaster loans made under this programs will have the same terms and conditions as SBA's direct disaster loans. In addition, SBA will guarantee timely payment of principal and interest to the lender. SBA may guarantee up to 85 percent of any loan under this program, and the maximum loan amount is $2 million.
Agency: Small Business Administration(SBA)	Priority: Other Significant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Proposed Rule Stage
Major: No	Unfunded Mandates: No
CFR Citation: 13 CFR 123
Legal Authority: 15 U.S.C. 636(c)

Legal Deadline:

Action	Source	Description	Date
NPRM	Statutory	1 year after the date of enactment of the Small Business Disaster Response and Loan Improvement Act of 2008.

Timetable:

Action	Date	FR Cite
NPRM	11/00/2015

Regulatory Flexibility Analysis Required: Yes	Government Levels Affected: None
Small Entities Affected: Businesses	Federalism: No
Included in the Regulatory Plan: No
RIN Data Printed in the FR: Yes
Agency Contact: Linda Rusche Director, Office of Financial Assistance Small Business Administration 409 Third Street SW, Washington, DC 20416 Phone:202 205-6396 Email: linda.rusche@sba.gov