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Small Business Lending Company (SBLC) Moratorium Rescission and Removal of the Requirement for a Loan Authorization

SBA · final-rule · Published 2023-04-12 · Effective 2023-05-12 · 88 FR 21890

Document

Document number: 2023-07181
Federal Register citation: 88 FR 21890
CFR reference: 13 CFR 120
Type: Rule
Action: Final rule.
Category: final-rule
Agency: US Small Business Administration
Publication date: 2023-04-12
Effective date: 2023-05-12

Abstract

The U.S. Small Business Administration (SBA or Agency) is amending its business loan program regulations to lift the moratorium on licensing new Small Business Lending Companies (SBLCs) and add a new type of lending entity called a Community Advantage SBLC. SBA is also removing the requirement for a Loan Authorization in the 7(a) and 504 Loan Programs.

Source

Authoritative: Federal Register document
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