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SBA | RIN: 3245-AH80 | Publication ID: Fall 2024 |
Title: Disaster Loan Program Changes | |
Abstract:
This final rule will implement changes to the Disaster Loan Program regulations. In the Interim Final Rule, for applications for COVID-19 EIDL loans, SBA made changes to the definition of affiliation, the eligible uses of loan proceeds, how to apply the size standard to certain hard-hit eligible entities, and established a maximum loan limit for borrowers in a single corporate group. In addition, under this rule SBA changed 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: Section 3(f)(1) 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: Alejandro Contreras Acting Director, Office of Financial Assistance Small Business Administration 409 Third Street SW., Washington, DC 20416 Phone:202 205-6674 Email: alejandro.contreras@sba.gov |