federal_register: 2014-09183

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document_number title type abstract publication_date pub_year pub_month html_url pdf_url agency_names agency_ids excerpts regulation_id_numbers
2014-09183 Disaster Assistance Loan Program; Disaster Loan Credit and Collateral Requirements. Rule SBA is amending its disaster loan program regulations in response to Hurricane Sandy Rebuilding Task Force recommendations. One change allows SBA to rely on the disaster loan applicant's credit, including credit score, rather than personal or business cash flow in order to assess repayment ability for those applicants with strong credit. Another change will increase the amount of disaster assistance funds that can be immediately disbursed to borrowers by raising the unsecured threshold for economic injury loans for all disasters and for physical damage loans for major disasters. Both of these changes will enable SBA to provide disaster assistance more quickly and efficiently. 2014-04-25 2014 4 https://www.federalregister.gov/documents/2014/04/25/2014-09183/disaster-assistance-loan-program-disaster-loan-credit-and-collateral-requirements https://www.govinfo.gov/content/pkg/FR-2014-04-25/pdf/2014-09183.pdf Small Business Administration 468 SBA is amending its disaster loan program regulations in response to Hurricane Sandy Rebuilding Task Force recommendations. One change allows SBA to rely on the disaster loan applicant's credit, including credit score, rather than personal or business... 3245-AG61

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