OSDBU Publishes Notice of Proposed Rulemaking for Short-Term Lending Program
DOT’s Short-Term Lending Program (STLP), offers DOT-guaranteed short-term lines of credit for Disadvantaged Business Enterprises (DBEs) and other certified small and disadvantaged businesses (SDBs) in their execution of transportation-related contracts at the local, state and federal levels. The program is administered through cooperative agreements between DOT’s OSDBU and Participating Lenders under the STLP’s governing policies and procedures.
As part of an effort to streamline and improve the STLP, DOT’s OSDBU has proposed a number of changes to the language and descriptions of the program. These proposed rule changes have been published in the Federal Register as a Notice of Proposed Rulemaking (NPRM) and the public is invited to submit comments on the proposed changes.
Click here to review the Federal Register notice and for information on how to submit comments.
For more information, contact Ms. Nancy Strine, Financial Assistance Division Manager, at 1-800-532–1169 or (202) 366–1930