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Disaster Loan Program Changes

SBA · final-rule · Published 2021-09-08 · Effective 2021-09-08 · 86 FR 50214

Document

Document number
2021-19232
Federal Register citation
86 FR 50214
CFR reference
13 CFR 121
Type
Rule
Action
Interim final rule.
Category
final-rule
Agency
US Small Business Administration
Publication date
2021-09-08
Effective date
2021-09-08
Docket
Docket Number SBA-2021-0016

Abstract

This interim final rule implements changes to the Disaster Loan Program regulations. For applications for COVID-19 Economic Injury Disaster (COVID EIDL) loans, in this rule SBA is changing the definition of affiliation, the eligible uses of loan proceeds, and application of the size standard to certain hard-hit eligible entities, and is establishing a maximum loan limit for borrowers in a single corporate group. In addition, for all disaster assistance programs, in this rule, SBA is changing which SBA official may make the decision on the appeal of an application that has been declined for a second time.

Source

Authoritative
Federal Register document
Machine
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