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SBA | RIN: 3245-AG15 | Publication ID: Spring 2011 |
Title: Small Business Jobs Act: Implementation of Conforming and Technical Amendments | |
Abstract: This rule conforms various SBA rules to several recent amendments made by the Small Business Jobs Act for the 7(a), 504, Microloan, New Markets Venture Capital Company, SBA Secondary Market Guarantee Program for First Lien Position 504 Loan Pools, International Trade, and Disaster Assistance Programs. Among these changes are an increase in the loan size from $2 million to $5 million in the 7(a) loan program and an increase from $1.5 - $4.0 million to $5 - $5.5 million in the 504 loan program. Microloan loans to borrowers are increased from $35,000 to $50,000 and microloan loans to Intermediary lenders are increased from $3.5 million to $5 million. The new SBA Secondary Market Guarantee Program for First Lien Position 504 Loan Pools is extended from February 17, 2011, to September 24, 2012. Also, SBA is able to offer economic injury disaster loan (EIDL) assistance to small aquaculture businesses. | |
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 108.740, 120.2(b), 120.151, 120.348 13 CFR 120.706,120.707,120.714, 120.862 ... (To search for a specific CFR, visit the Code of Federal Regulations.) | |
Legal Authority: PL 111-240, secs 1111, 1112, 1113, 1115, 1119, 1132, 1206, 1501 |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: Businesses | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
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 |