2024-16207. Disaster Assistance Loan Program Changes to Unsecured Loan Amounts and Credit Elsewhere Criteria

Hurricane Ian Home Loans
Loan amounts	Number of active loans	Percentage of number of home loans	Total loan value	Percentage of total value of home loans
0-$50,000	9,286	70.98	$226,545,460	35.50
>$50,000	3,797	29.02	411,660,300	64.5
Total	13,083	100	638,205,760	100

Hurricane Ian Business Loans
Loan amounts	Number of active loans	Percentage of number of business loans	Total loan value	Percentage of total value of business loans
0-$50,000	1,099	55.76	$26,308,000	8.93
>$50,000	872	44.24	268,687,200	91.07
Total	1,971	100	294,695,200	100

Document Information

Effective Date:: 9/9/2024
Published:: 07/24/2024
Department:: Small Business Administration
Entry Type:: Rule
Action:: Direct final rule.
Document Number:: 2024-16207
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.
Pages:: 59826-59831 (6 pages)
RINs:: 3245-AI08: Disaster Assistance Loan Program Changes to Unsecured Loan Amounts
RIN Links:: https://www.federalregister.gov/regulations/3245-AI08/disaster-assistance-loan-program-changes-to-unsecured-loan-amounts
Topics:: Disaster assistance, Loan programs-business, Small businesses
PDF File:: 2024-16207.pdf
CFR: (1): 13 CFR 123