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| SBA | RIN: 3245-AG00 | Publication ID: Fall 2010 |
| Title: Implementation of Small Business Disaster Response and Loan Improvements Act of 2008: Immediate Disaster Assistance Program | |
| Abstract: This interim final rule would establish and implement an immediate disaster assistance bridge loan program under which SBA will guarantee loans made by private lenders to eligible businesses located in a disaster area that also apply for a loan under SBA's direct disaster loan program. SBA may guarantee 85 percent of any loan under this program and the maximum loan amount is $25,000. SBA will process applications for immediate disaster assistance bridge loans within 36 hours of receipt. | |
| 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 123 | |
| Legal Authority: 15 USC 636(b), 657(n) | |
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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: 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 |
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