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SBA RIN: 3245-AH83 Publication ID: Fall 2023 
Title: Changes to the Microloan Program Under the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act 
Abstract:

SBA will publish a notice of direct final rule in order to reflect statutory changes to the Microloan Program contained in the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (PL 116-260).  The changes increase the total amount an Intermediary may borrow under the Microloan Program per year and in aggregate, increase the maximum term of a microloan to a small business borrower, expand eligibility for Intermediaries to receive a bonus grant and adds the necessary definitions, and place a minimum and maximum on the base grant award amount for Intermediaries. The change will apply to the Microloan loan program.

 
Agency: Small Business Administration(SBA)  Priority: Substantive, Nonsignificant 
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, subpart G     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: Pub. L. 116-260   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Direct Final Rule  12/00/2023 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Daniel Upham
Chief, Microenterprise Development Division
Small Business Administration
409 Third Street SW,
Washington, DC 20416
Phone:202 205-7001
Fax:202 481-6564
Email: daniel.upham@sba.gov