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Small Business Size Standards; Temporary Alternative Size Standards for 7(a) Business Loan Program

SBA · final-rule · Published 2009-05-05 · Effective 2009-05-05 · 74 FR 20577

Document

Document number
E9-10359
Federal Register citation
74 FR 20577
CFR reference
13 CFR 121
Type
Rule
Action
Interim final rule with request for comments.
Category
final-rule
Agency
US Small Business Administration
Publication date
2009-05-05
Effective date
2009-05-05

Abstract

The U.S. Small Business Administration (SBA) is temporarily amending the size eligibility criteria for loan assistance provided under its 7(a) Business Loan Program. This rule temporarily establishes the same alternative small business size standard that applies to SBA's Certified Development Company (CDC) Program. The U.S. Congress passed and the President signed the American Recovery and Reinvestment Act of 2009 (Recovery Act). The purposes and goals of the Recovery Act are to promote economic recovery and to preserve and create jobs. SBA prepared this rule as an interim final rule, effective immediately, because it will help alleviate the pressing needs of many small businesses for financial assistance in the current economic environment.

Source

Authoritative
Federal Register document
Machine
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