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Gulf Opportunity Pilot Loan Program (GO Loan Pilot); Waiver of Regulatory Provisions

SBA · notice · Published 2005-11-17 · Effective 2005-11-17 · 70 FR 69645

Document

Document number
05-22834
Federal Register citation
70 FR 69645
CFR reference
13 CFR 120
Type
Rule
Action
Notice of waiver of regulatory provisions.
Category
notice
Agency
US Small Business Administration
Publication date
2005-11-17
Effective date
2005-11-17

Abstract

The U.S. Small Business Administration (SBA) announces the waiver for SBA's GO Loan Pilot of certain Agency regulations applicable to the 7(a) Business Loan Program, including those relating to personal assets of borrowers, interest rates and provisions that prohibit lenders from charging certain fees. SBA's GO Loan Pilot provides expedited small business financing to those communities severely impacted by Hurricanes Katrina and Rita. SBA intends for these waivers to minimize the burden on businesses applying for loans through the GO Loan Pilot and to provide incentives for lenders to participate in the pilot.

Source

Authoritative
Federal Register document
Machine
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