Director, Office of Financial Assistance

3245-AF99 201410 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 3245 Small Business Administration SBA Implementation of Small Business Disaster Response and Loan Improvement Act: Private Disaster Loan Program

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.

]]> Other Significant Previously Published in The Unified Agenda Proposed Rule Stage No No 13 CFR 123 15 USC 636(c) Statutory NPRM 1 year after the date of enactment of the Small Business Disaster Response and Loan Improvement Act of 2008. No NPRM 01/00/2015 Yes Businesses None No No Yes No Linda Rusche Director, Office of Financial Assistance 3245 Small Business Administration SBA 202 205-6396 linda.rusche@sba.gov 409 Third Street SW, Washington DC 20416