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This proposed rule will reflect comments on an ANPRM from potential lenders and the public on two guaranteed disaster loan programs: (1) The private disaster assistance program (PDAP), under which SBA would guarantee loans of up to $2 million made by private lenders to eligible small businesses and homeowners located in a catastrophic disaster area; and (2) the immediate disaster assistance program (IDAP), under which the SBA would guarantee interim loans of up to $25,000 made by private lenders to eligible small businesses, which would then be repaid with the proceeds of SBA direct disaster loans. The third guaranteed disaster loan program discussed in the ANPRM, the expedited disaster assistance program (EDAP), was repealed; therefore, it will not be included in the proposed rule. While SBA is proposing to eliminate the guaranteed disaster loan programs and Congress has either rescinded funding or not provided funding, SBA regulations will be updated to address the concerns of lenders and the public on PDAP and IDAP.