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SBA | RIN: 3245-AH80 | Publication ID: Spring 2023 |
Title: Disaster Loan Program Changes | |
Abstract:
This final rule will implement changes to the Disaster Loan Program regulations. For applications for COVID EIDL loans, in this rule SBA is changing the definition of affiliation, the eligible uses of loan proceeds, how to apply the size standard to certain hard-hit eligible entities and establishing a maximum loan limit for borrowers in a single corporate group. In addition, for all disaster assistance programs, in this rule SBA is changing which SBA official may make the decision on the appeal of an application that has been declined for a second time. |
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Agency: Small Business Administration(SBA) | Priority: Economically Significant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: Yes | Unfunded Mandates: No |
CFR Citation: 13 CFR 121 13 CFR 123 | |
Legal Authority: Pub. L. 116-136 Pub. L. 116-139 Pub. L. 116-260 Pub. L. 117-2 ... |
Legal Deadline:
None |
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Timetable:
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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: Dianna L. Seaborn Director, Office of Financial Assistance Small Business Administration 409 Third Street SW, Washington, DC 20416 Phone:202 205-3645 Email: dianna.seaborn@sba.gov |