Underwriting Standards for Small Business Loans Originated Under the Small Business Lending Fund Program

• The U.S. Department of the Treasury ("Treasury") is administering the SBLF Program. The Small Business Jobs Act of 2010 requires the federal banking agencies to issue small business loan underwriting guidelines for program participants.
• Boards of directors of institutions participating in the SBLF Program should ensure that small business lending policies are consistent with the attached guidance and safe and sound lending practices.
• If an SBLF loan involves a Small Business Administration (SBA) guaranty, the institution should adhere to the SBA's requirements.
• State nonmember institutions applying to Treasury to participate in the SBLF Program should submit their small business lending plan to the appropriate FDIC regional office or through FDICconnect.

Distribution:
FDIC-Supervised Banks (Commercial and Savings)

Suggested Routing:
Chief Executive Officer
Chief Lending Officer
Small Business Loan Officers

Note:
FDIC financial institution letters (FILs) may be accessed from the FDIC's Web site at www.fdic.gov/news/financial-institution-letters/2010/index.html .

To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html .

Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center, 3501 Fairfax Drive, E-1002, Arlington, VA 22226 (1-877-275-3342 or 703-562-2200).