[Federal Register Volume 76, Number 192 (Tuesday, October 4, 2011)]
[Notices]
[Pages 61341-61342]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-25563]


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DEPARTMENT OF AGRICULTURE

Rural Business-Cooperative Service


Maximum Loan Amount Available for B&I Guaranteed Loans in Fiscal 
Year 2012

AGENCY: Rural Business-Cooperative Service, USDA.

ACTION: Notice.

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SUMMARY: 7 CFR 4279.119(a)(1) allows the Rural Development 
Administrator, at the Administrator's discretion, to grant an exception 
to the $10 million limit for Business and Industry (B&I) guaranteed 
loans of $25 million or less under certain circumstances. Due to the 
limited program funds that will be available for Fiscal Year 2012 for 
the B&I Guaranteed Loan Program, the Administrator has decided not to 
grant exceptions to the $10 million limit during FY 2012 in an effort 
to make guaranteed loan funds go farther and to provide financing 
assistance to as many projects as possible. Limiting guaranteed loans 
to $10 million or less will allow the Agency to guarantee more loans 
and target smaller loans/projects impacting more small businesses and 
will assist the Agency to conserve scarce funding dollars at a time 
when there is unprecedented interest in the program.

[[Page 61342]]

Any applications that have been received as of the date of publication 
of this notice will be given full consideration.

DATES: Effective Dates: October 4, 2011.

FOR FURTHER INFORMATION CONTACT: Brenda Griffin, e-mail 
[email protected], Rural Development, Business Programs, 
Business and Industry Division, STOP 3224, 1400 Independence Avenue, 
SW., Washington, DC 20250-3224; telephone (202) 690-6802.

SUPPLEMENTAL INFORMATION: This action has been reviewed and determined 
not to be a rule or regulation as defined in Executive Order 12866 as 
amended by Executive Order 13258.

    Dated: September 28, 2011.
Judith A. Canales,
Administrator, Rural Business-Cooperative Service.
[FR Doc. 2011-25563 Filed 10-3-11; 8:45 am]
BILLING CODE 3410-XY-P