Express Bridge Loan Pilot Program; Modification of Fee Policy
SBA · other · Published 2018-05-07 · 83 FR 19921
Document
Document number
2018-09627
Federal Register citation
83 FR 19921
CFR reference
13 CFR 120
Type
Rule
Action
Notification of change to Express Bridge Loan Pilot Program and impact on regulatory provision.
Category
other
Agency
US Small Business Administration
Publication date
2018-05-07
Abstract
On October 16, 2017, the U.S. Small Business Administration (SBA) published a document announcing the Express Bridge Loan Pilot Program (Express Bridge Pilot). In that document, SBA provided an overview of the Express Bridge Pilot and modified an Agency regulation relating to loan underwriting for loans made under the Express Bridge Pilot. SBA continues to refine and improve the design of the Express Bridge Pilot and is issuing this document to revise the program requirements, including the modification of an Agency regulation relating to fees that can be collected from the Applicant or Borrower in connection with a loan made under the Express Bridge Pilot.