# Intermediary Lending Pilot Program
> **US Small Business Administration** · Interim final rule with request for comments. · Published 2011-04-01 · Effective 2011-04-01 · 76 FR 18007
## Document
- **Document number:** 2011-7741
- **Category:** final-rule
- **Agency:** US Small Business Administration
- **Federal Register citation:** 76 FR 18007
- **CFR reference:** 13 CFR 109
- **Publication date:** 2011-04-01
- **Effective date:** 2011-04-01
- **Docket:** Docket No. SBA-2011-0002
## Abstract

This interim final rule implements section 1131 of the Small Business Jobs Act of 2010, which requires SBA to establish an Intermediary Lending Pilot (ILP) program. The ILP program is a three- year pilot program in which SBA will make direct loans of up to $1 million at an interest rate of 1 percent to up to 20 nonprofit lending intermediaries each year, subject to availability of funds. Intermediaries will then use the ILP loan funds to make loans of up to $200,000 to startup, newly established, or growing small business concerns.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2011/04/01/2011-7741/intermediary-lending-pilot-program)
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