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| SBA | RIN: 3245-AH80 | Publication ID: Spring 2025 |
| Title: Disaster Loan Program Changes | |
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Abstract:
This final rule will implement changes to the Disaster Loan Program regulations. In the Interim Final Rule, for applications for COVID-19 EIDL loans, SBA made changes to the definition of affiliation, the eligible uses of loan proceeds, how to apply the size standard to certain hard-hit eligible entities, and established a maximum loan limit for borrowers in a single corporate group. In addition, under this rule SBA changed which SBA official may make the decision on the appeal of an application that has been declined for a second time. |
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| Agency: Small Business Administration(SBA) | Priority: Economically Significant |
| RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
| Major: Yes | Unfunded Mandates: No |
| EO 14192 Designation: Other | |
| CFR Citation: 13 CFR 121 13 CFR 123 | |
| Legal Authority: Pub. L. 116-136 Pub. L. 116-139 Pub. L. 116-260 Pub. L. 117-2 ... | |
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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: Eric Wall Director, Program Policy, Office of Disaster Assistance Small Business Administration 409 Third Street SW, Washington, DC 20416 Phone:202 616-1825 Email: eric.wall@sba.gov |
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