Rule lifecycle · RIN:3245-AI03
Criminal Justice Reviews for the SBA Business Loan Programs, Disaster Loan Programs, and Surety Bond Guaranty Program
Small Business Administration — observed across 2 documents over 228 days. Use the source documents below before deciding whether this affects your business.
In plain English
The SBA now reviews criminal history records as part of approving business loans, disaster relief, and surety bond guarantees under its loan programs. If you have a criminal record, disclose it fully on your application, since the SBA will discover it during background checks and transparency helps your case.
First seen
Sep 15, 2023
Last seen
Apr 30, 2024
Latest stage
Rule
PRORULE → RULE
228d
Effective on
Thursday, May 30, 2024
Stage timeline
Proposed·Sep 15, 2023
Criminal Justice Reviews for the SBA Business Loan Programs and Surety Bond Guaranty Program
#2023-19183
Final·Apr 30, 2024
Criminal Justice Reviews for the SBA Business Loan Programs, Disaster Loan Programs, and Surety Bond Guaranty Program
effective May 30, 2024#2024-09009