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SBA RIN: 3245-AG79 Publication ID: Fall 2016 
Title: Debt Refinancing in 504 Loan Program 

The Small Business Jobs Act of 2010 (Jobs Act), Public Law 114-240, enacted on September 27, 2010, temporarily expanded the ability of a small business to use the 504 Loan Program to refinance certain qualifying debt.  Prior to the Jobs Act, a 504 Project could include a refinancing component only if the project involved an expansion of the small business and the existing indebtedness did not exceed 50% of the project cost of the expansion.  The temporary Jobs Act program authorized the use of the 504 Loan Program for the refinancing of debt where there is no expansion of the small business concern.  SBA's authority to guarantee loans under this temporary program expired on September 27, 2012.  Section 521 of Division E of the Consolidated Appropriations Act, 2016, enacted on December 22, 2015, reauthorizes the Debt Refinancing Program. This interim rule implements this Debt Refinancing 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   
Legal Authority: Pub. L. 114-113, Div E, sec. 521   
Legal Deadline:  None
Action Date FR Cite
Interim Final Rule  05/25/2016  81 FR 33123   
Interim Final Rule Effective  06/24/2016 
Interim Final Rule Comment Period End  07/25/2016 
Final Rule  12/00/2016 
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:
Linda Reilly
Chief, 504 Loan Program
Small Business Administration
409 Third Street SW,
Washington, DC 20416
Phone:202 205-9949