Small Business Administration· Proposed Rule
Small Business Lending Company (SBLC) Moratorium Rescission and Removal of the Requirement for a Loan Authorization
Stage 4·641d PRORULE→RULE
SUMMARY: The U.S. Small Business Administration (SBA or Agency) is proposing to lift the moratorium on licensing new Small Business Lending Companies (SBLCs) and add a new type of entity called a Mission-Based SBLC. SBA is also proposing to remove the requirement for a Loan Authorization.
Owner check — SBA action: confirm whether financing, disaster assistance, eligibility, or SBIC exposure changes for your business.