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SBA | RIN: 3245-AI21 | Publication ID: Fall 2024 |
Title: ●ALP Express Pilot to Permanent Status for the 504 Loan Program | |
Abstract:
Following the expiration of the temporarily delegated authority authorized in the Economic Aid Act (P.L. 116-260, Division N, Sec. 328(b)), SBA utilized its pilot authority to extend the ALP Express Pilot delegations for ALP CDCs. This delegated authority is to process and close 504 loans under $500,000. SBA will propose to convert this pilot program to permanent prior to its expiration date of September 30, 2025. |
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Agency: Small Business Administration(SBA) | Priority: Substantive, Nonsignificant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: Undetermined | Unfunded Mandates: No |
CFR Citation: 13 CFR 120 | |
Legal Authority: 15 U.S.C. 695 et seq. P.L. 116-260, Sec. 328 |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: Undetermined | 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:202 604-5032 Email: linda.reilly@sba.gov |