# Disaster Assistance Loan Program Changes to Unsecured Loan Amounts and Credit Elsewhere Criteria
> **US Small Business Administration** · Direct final rule. · Published 2024-07-24 · Effective 2024-09-09 · 89 FR 59826
## Document
- **Document number:** 2024-16207
- **Category:** final-rule
- **Agency:** US Small Business Administration
- **Federal Register citation:** 89 FR 59826
- **CFR reference:** 13 CFR 123
- **Publication date:** 2024-07-24
- **Effective date:** 2024-09-09
## Abstract

This direct final rule amends the U.S. Small Business Administration (SBA or Agency) regulations governing the SBA Disaster Loan Program by revising how it determines whether an applicant has credit elsewhere to modernize and replace the current process. SBA is also increasing the unsecured threshold for physical damage loans under Major Disaster declarations and for Economic Injury Disaster Loans (EIDL) under all disaster declarations.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2024/07/24/2024-16207/disaster-assistance-loan-program-changes-to-unsecured-loan-amounts-and-credit-elsewhere-criteria)
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