Data / Federal rules / 2024-09520
Microloan Program; Changes to the Microloan Program Under the Economic Aid To Hard-Hit Small Businesses, Nonprofits, and Venues Act
The Small Business Administration published this final rule in the Federal Register on May 2, 2024. It took effect on June 17, 2024. Comments closed on June 3, 2024.
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What the agency says
The U.S. Small Business Administration (SBA) is amending its Microloan Program regulations to reflect statutory changes to the Microloan Program contained in the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act. The changes increase the total amount an Intermediary may borrow under the Microloan Program per year and in aggregate, expand eligibility for Intermediaries to receive a bonus grant and add the necessary definitions, and revise the eligible base grant award amount for Intermediaries under certain circumstances. This direct final rule conforms the regulations to the Act by adopting the new statutory requirements without change.
Key facts
- Document number
- 2024-09520
- Type
- Final rule
- Action
- Direct final rule
- Agency
- Small Business Administration
- Published
- May 2, 2024
- Takes effect
- June 17, 2024
- Comments due
- June 3, 2024
- Dates
- This rule is effective June 17, 2024 without further action, unless significant adverse comment is received by June 3, 2024. If significant adverse comment is received, SBA will publish a timely withdrawal of the rule in the Federal Register.
- Docket
- Docket No. SBA-2023-0010
- Regulation ID (RIN)
- 3245-AH83
- Code of Federal Regulations
- 13 CFR 120
- Topics
- Rural areas
- Pages
- 3
Other documents from the Small Business Administration
| Document | Type | Published |
|---|---|---|
| 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 rural areas · Published in May 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.