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USDA/RBS RIN: 0570-AA85 Publication ID: Spring 2014 
Title: Business and Industry (B&I) Guaranteed Loan Program 
Abstract: The Business and Industry (B&I) Guaranteed Loan Program regulations were last rewritten in 1996. While there have been some minor modifications to the B&I Guaranteed Loan Program regulations since 1996 to implement 2008 Farm Bill provisions etc., some refinements to the regulation need to be made to enhance the program, improve efficiency, correct minor inconsistencies, clarify the regulations to make them more clear and easier to understand, and ultimately reduce delinquencies. The Agency held several lender meetings throughout the country to see how changes to the program could benefit lenders who utilize the program and make it more attractive for them. The proposed changes being considered should lower the subsidy rate, thereby increasing supportable loan level, which is critical to program success as the program's budget is proposed to be decreased. The proposed rule is intended to increase lending activity, expand business opportunities, and create more jobs in rural areas, particularly in areas that have historically experienced economic distress. There is no expected cost associated with implementation of the rule. 
Agency: Department of Agriculture(USDA)  Priority: Economically Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
EO 13771 Designation: uncollected 
CFR Citation: 7 CFR 4287    7 CFR 4279   
Legal Authority: Consolidated Farm and Rural Development Act   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Proposed Rule  06/00/2014 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: Yes 
RIN Data Printed in the FR: No 
Agency Contact:
Brenda Griffin
Loan Specialist, B&I Processing Division
Department of Agriculture
Rural Business-Cooperative Service
Room 6847/Stop 3224, 1400 Independence Avenue SW.,
Washington, DC 20250
Phone:202 720-6802
Fax:202 720-6003
Email: brenda.griffin@wdc.usda.gov