View Rule

This rule would simplify the consideration of affiliated individuals and groups of individuals, which may own minority stakes in multiple businesses.  Existing regulation defines groups as being affiliated, and thereby having some form of control, which in most circumstances is not applicable to the borrowing entity.  By redefining how these lesser-percentage owners are grouped together, and shifting certain certifications of facts to the borrower, more businesses could be identified as "small" and therefore be eligible for SBA financial assistance.  SBA also plans to propose one modification to improve operations of its finance programs.