# Small Business Lending Company (SBLC) Moratorium Rescission and Removal of the Requirement for a Loan Authorization
> **US Small Business Administration** · Final rule. · Published 2023-04-12 · Effective 2023-05-12 · 88 FR 21890
## Document
- **Document number:** 2023-07181
- **Category:** final-rule
- **Agency:** US Small Business Administration
- **Federal Register citation:** 88 FR 21890
- **CFR reference:** 13 CFR 120
- **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
- [Federal Register document](https://www.federalregister.gov/documents/2023/04/12/2023-07181/small-business-lending-company-sblc-moratorium-rescission-and-removal-of-the-requirement-for-a-loan)
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