[Federal Register Volume 74, Number 174 (Thursday, September 10, 2009)]
[Notices]
[Pages 46631-46632]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-21891]


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SMALL BUSINESS ADMINISTRATION


Dealer Floor Plan Pilot Initiative

AGENCY: U.S. Small Business Administration (SBA).

ACTION: Notice of re-opening of comment period.

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SUMMARY: On July 6, 2009, SBA published a notice in the Federal 
Register creating a new pilot loan initiative called the Dealer Floor 
Plan Pilot Initiative. This pilot initiative gives SBA the ability to 
offer 7(a) guaranties to participating lenders on floor plan lines of 
credit when structured under SBA requirements from July 1, 2009 through 
September 30, 2010. The Agency provided for a 30-day comment period 
when it published the Notice. This comment period closed August 5, 
2009. SBA is re-opening the comment period for an additional 45 days.

DATES: Comments must be received on or before October 26, 2009.

ADDRESSES: You may submit comments, identified by SBA docket number 
SBA-2009-0009, by any of the following methods:
    Federal eRulemaking Portal: http://www.regulations.gov. Follow the 
instructions for submitting comments.
    Mail: Dealer Floor Plan Pilot Initiative Comments--Office of 
Financial Assistance, U.S. Small Business Administration, 409 Third 
Street, SW., Suite 8300, Washington, DC 20416.
    Hand Delivery/Courier: Grady Hedgespeth, Director, Office of 
Financial Assistance, U.S. Small Business Administration, 409 Third 
Street, SW., Suite 8300, Washington, DC 20416.
    SBA will post all comments on http://www.regulations.gov. If you 
wish to submit confidential business information (CBI) as defined in 
the User Notice at http://www.regulations.gov, please submit the 
information to Grady Hedgespeth, Director, Office of Financial 
Assistance, U.S. Small Business Administration, 409 Third Street, SW., 
Suite 8300, Washington, DC 20416, or send an e-mail to 
[email protected]. Highlight the information that you 
consider to be CBI and explain why you believe SBA should hold this 
information as confidential. SBA will review the information and make 
the final determination whether it will publish the information.

FOR FURTHER INFORMATION CONTACT: Sloan Coleman, Office of Financial 
Assistance, U.S. Small Business Administration, 409 Third Street, SW., 
Suite 8300, Washington, DC 20416; (202) 205-7737; [email protected].

SUPPLEMENTARY INFORMATION: On July 6, 2009, SBA published a notice in 
the Federal Register announcing the creation of the Dealer Floor Plan 
Pilot Initiative. (74 FR 32006) The announcement of this pilot 
initiative generated a significant level of interest among those small 
businesses and lenders that traditionally utilize floor plan financing. 
Given the scope of the proposal and the nature of the issues raised by 
the comments received to date, SBA believes that affected parties need 
more time to review the proposal and prepare their comments. As a 
result, SBA is re-opening the comment period for an additional 45 days.
    Questions on the Dealer Floor Plan Pilot Initiative may be directed 
to the Lender Relations Specialist in the local SBA district office.

[[Page 46632]]

    The local SBA district office may be found at http://www.sba.gov/localresources/index.html.

    Authority:  15 U.S.C. 636(a)(25) and 13 CFR 120.3.

Walter C. Intlekofer,
Acting Director, Office of Financial Assistance.
[FR Doc. E9-21891 Filed 9-9-09; 8:45 am]
BILLING CODE 8025-01-P