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| SBA | RIN: 3245-AF96 | Publication ID: Fall 2010 |
| Title: Temporary Alternative Size Standards for 7(a) Business Loan Program | |
| Abstract: The U.S. Small Business Administration (SBA) is temporarily amending the size eligibility criteria for loan assistance provided under its 7(a) Business Loan Program. This rule temporarily establishes the same alternative small business size standard that applies to SBA's Certified Development Company (CDC) Program. SBA estimates that this will qualify an additional 70,000 businesses for the 7(a) Business Loan program and immediately help make capital available to these small businesses which may be affected by diminished credit opportunities as a result of the economy. This temporary size standard is available from the Effective Date of this rule though the end of Federal Fiscal Year 2010, September 30, 2010. | |
| Agency: Small Business Administration(SBA) | Priority: Other Significant |
| RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
| Major: No | Unfunded Mandates: No |
| CFR Citation: 13 CFR 120 | |
| Legal Authority: 15 USC 632, 634(b)(6), 636(b), 637, 644, 662(5) PL 105-135, sec 401 et seq | |
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Legal Deadline:
None |
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Timetable:
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| Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
| Federalism: No | |
| Included in the Regulatory Plan: No | |
| RIN Data Printed in the FR: No | |
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Agency Contact: Dr. Khem Raj Sharma Chief, Office of Size Standards Small Business Administration 409 Third Street SW, Washington, DC 20416 Phone:202 205-7189 Fax:202 205-6390 Email: khem.sharma@sba.gov |
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