Data / Federal rules / 2024-16207
Disaster Assistance Loan Program Changes to Unsecured Loan Amounts and Credit Elsewhere Criteria
The Small Business Administration published this final rule in the Federal Register on July 24, 2024. It took effect on September 9, 2024.
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What the agency says
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.
Key facts
- Document number
- 2024-16207
- Type
- Final rule
- Action
- Direct final rule
- Agency
- Small Business Administration
- Published
- July 24, 2024
- Takes effect
- September 9, 2024
- Dates
- Effective date: This rule is effective September 9, 2024, unless SBA receives a significant adverse comment to this direct final rule. If a timely, significant adverse comment is received, the Agency will publish a notification of withdrawal of the direct final rule in the Federal Register before the effective date.
- Regulation ID (RIN)
- 3245-AI08
- Code of Federal Regulations
- 13 CFR 123
- Topics
- Disaster assistance; Loan programs-business; Small businesses
- Pages
- 6
Other documents from the Small Business Administration
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|---|---|---|
| Removing Constitutional Concerns From SBA Programs 2026-19878 | Final rule | Sep 29 |
| Small Business Size Standards 2026-19546 | Proposed rule | Sep 24 |
| Rescinding Unnecessary Notice and Comment Procedures 2026-17731 | Final rule | Aug 31 |
| Small Business Size Standards 2026-17042 | Proposed rule | Aug 20 |
| Small Business Size Standards: Revised Size Standards Methodology 2026-17039 | Proposed rule | Aug 20 |
| Reforms to 13 CFR 124.103 To Remove SBA's 8(a) Program's Rebuttable Presumption of Social Disadvantage for Individually Owned Firms Only. Reforms Do Not Impact Entity-Owned Firms 2026-16370 | Final rule | Aug 11 |
| Reforms To Remove SBA's 8(a) Program's Rebuttable Presumption of Social Disadvantage for Individually Owned Firms Only; Reforms Do Not Impact Entity-Owned Firms 2026-11765 | Proposed rule | Jun 11 |
| Regulation for Federal Financial Assistance 2026-10817 | Proposed rule | May 29 |
Everything from the Small Business Administration · Rules on disaster assistance · Rules on loan programs-business · Rules on small businesses · Published in July 2024
Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.