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final rule presumes that some small businesses were disproportionately impacted, these <br />enumerated eligible uses can be provided to those businesses without any specific assessment of <br />whether they individually experienced negative economic impacts or disproportionate impacts <br />due to the pandemic. <br />Cross -References: Recipients providing assistance to small businesses for capital <br />expenditures (i.e., expenditures on property, facilities, or equipment) should also review the <br />section Capital Expenditures in General Provisions: Other, which describes eligibility standards <br />that apply to capital expenditures. Recipients should also note that services to address vacant or <br />abandoned commercial or industrial properties are addressed in section Vacant or Abandoned <br />Properties in Assistance to Households. <br />Loans to Small Businesses <br />Public Comment: Treasury received many comments requesting clarification on using <br />SLFRF funds to establish funds that provide loans to small businesses. For example, commenters <br />sought clarification of how eligible use requirements and applicable dates for SLFRF funds <br />would apply to third party organizations (like economic development organizations) who receive <br />SLFRF funds in order to establish a loan fund. In addition, commenters requested clarification on <br />what requirements apply to loan programs with available funds remaining after December 31, <br />2024. <br />Treasury Response: SLFRF funds may be used to make loans, including to small <br />businesses, provided that the loan is an eligible use, and the cost of the loan is tracked and <br />reported in accordance with Treasury's Compliance and Reporting Guidance. Funds that are <br />152 <br />