# Disaster Assistance Loan Program; Maximum Term for Disaster Loans to Small Businesses With Credit Available Elsewhere
> **US Small Business Administration** · Direct final rule. · Published 2012-02-29 · Effective 2012-04-16 · 77 FR 12157
## Document
- **Document number:** 2012-4760
- **Category:** final-rule
- **Agency:** US Small Business Administration
- **Federal Register citation:** 77 FR 12157
- **CFR reference:** 13 CFR 123
- **Publication date:** 2012-02-29
- **Effective date:** 2012-04-16
## Abstract

SBA is amending its disaster assistance regulations to reflect a statutory change to the disaster assistance program contained in the Consolidated Appropriations Act, 2012. The change extends the maximum term of an SBA disaster loan to small businesses with credit available elsewhere from three years to seven years. This direct final rule conforms the regulations to the Act by adopting the new statutory requirement without change.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2012/02/29/2012-4760/disaster-assistance-loan-program-maximum-term-for-disaster-loans-to-small-businesses-with-credit)
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