{"abstract":"The Rural Business-Cooperative Service (Agency) is an agency within the Rural Development mission area of the United States Department of Agriculture (USDA) responsible for administering the Business and Industry (B&I) Guaranteed Loan Program. The B&I Guaranteed Loan Program is authorized by the Consolidated Farm and Rural Development Act and provides loan guarantees to banks and other approved lenders to finance private businesses located in rural areas. The Agency published a proposed rule on September 15, 2014, that proposed changes to refine the regulations for the B&I Guaranteed Loan Program in an effort to improve program delivery, clarify the regulations to make them easier to understand, and reduce delinquencies. The changes to the program are expected to reduce the subsidy rate and thereby lower program subsidy costs over time as the rule is implemented. By lowering the subsidy rate, the Agency may be able to provide greater leverage for the budget authority provided by Congress. This will allow the Agency to guarantee a higher total dollar amount of loan requests and, assuming the same average size of loans being guaranteed, to guarantee more loans. These changes could also result in increased lending activity, expanded business opportunities, and creation of more jobs in rural areas.","action":"Final rule.","agencies":[{"raw_name":"DEPARTMENT OF AGRICULTURE","name":"Agriculture Department","id":12,"url":"https://www.federalregister.gov/agencies/agriculture-department","json_url":"https://www.federalregister.gov/api/v1/agencies/12","parent_id":null,"slug":"agriculture-department"},{"raw_name":"Rural Business-Cooperative Service","name":"Rural Business-Cooperative Service","id":456,"url":"https://www.federalregister.gov/agencies/rural-business-cooperative-service","json_url":"https://www.federalregister.gov/api/v1/agencies/456","parent_id":12,"slug":"rural-business-cooperative-service"},{"raw_name":"Rural Utilities Service","name":"Rural Utilities Service","id":460,"url":"https://www.federalregister.gov/agencies/rural-utilities-service","json_url":"https://www.federalregister.gov/api/v1/agencies/460","parent_id":12,"slug":"rural-utilities-service"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2016/06/03/2016-12945.html","cfr_references":[{"chapter":null,"citation_url":null,"part":4279,"title":7},{"chapter":null,"citation_url":null,"part":4287,"title":7}],"citation":"81 FR 35984","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"Effective August 2, 2016.","disposition_notes":null,"docket_ids":[],"dockets":[],"document_number":"2016-12945","effective_on":"2016-08-02","end_page":36027,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2016/06/03/2016-12945.xml","html_url":"https://www.federalregister.gov/documents/2016/06/03/2016-12945/guaranteed-loanmaking-and-servicing-regulations","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2016-12945?publication_date=2016-06-03","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2016-06-03/2016-12945/mods.xml","not_received_for_publication":null,"page_length":44,"page_views":{"count":2597,"last_updated":"2026-07-25 20:15:03 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2016-06-03/pdf/2016-12945.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2016-12945.pdf?1464871580","publication_date":"2016-06-03","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2016/06/03/2016-12945.txt","regulation_id_number_info":{"0570-AA85":{"issue":"201604","html_url":"https://www.federalregister.gov/regulations/0570-AA85/business-and-industry-bandi-guaranteed-loan-program","title":"Business and Industry (B&I) Guaranteed Loan Program","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=201604&RIN=0570-AA85&operation=OPERATION_EXPORT_XML","priority_category":"Economically Significant"}},"regulation_id_numbers":["0570-AA85"],"regulations_dot_gov_info":{"supporting_documents":[],"comments_url":"https://www.regulations.gov/docketBrowser?rpp=50&so=DESC&sb=postedDate&po=0&dct=PS&D=RUS-16-AGENCY-0006","supporting_documents_count":0,"docket_id":"RUS-16-AGENCY-0006","regulation_id_number":null,"title":"RUS Guarantees for Bonds and Notes Issued for Electrification or Telephone Purposes; Notice of Intent to Publish FY 2016 Application Requirements and Deadlines","checked_regulationsdotgov_at":"2016-06-23T06:00:15Z"},"regulations_dot_gov_url":null,"significant":true,"signing_date":null,"start_page":35984,"subtype":null,"title":"Guaranteed Loanmaking and Servicing Regulations","toc_doc":"Guaranteed Loanmaking and Servicing Regulations","toc_subject":null,"topics":["Energy","Grant programs","Rural areas"],"type":"Rule","volume":81}