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SBA proposes to amend business loan and surety bond programs

October 6, 2015 By Andrew Smith

The U.S. Small Business Administration (SBA), has proposed a rule that is says will simplify the guidelines for determining “affiliation” for eligibility based on size.

SBA logo smallIf the rule is adopted, it will affect SBA’s Surety Bond Guarantee Program; business loan programs (which consists of the 7(a) Loan Program and the Business Disaster Loan Program); the Microloan Program; and the Development Company Program (i.e. 504 Loan Program).

This proposed rule would redefine affiliation for all five Programs, affecting eligibility determinations.  Download the proposed rule here: http://www.gpo.gov/fdsys/pkg/FR-2015-10-02/pdf/2015-25204.pdf.

Public comments are due on, or before, December 1, 2015.

Filed Under: Contracting News Tagged With: affiliation, loan guarantee, SBA, small business, surety bond

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