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System for Award Management (SAM) Registration Now Required for All Regulated & Non-Regulated Lender

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OneRD Guarantee Loan Initiative Update

September 15, 2021

System for Award Management (SAM) Registration Now Required for All Regulated and Non-Regulated Lenders!

Learn how this affects your lender eligibility and future loan submissions.

 
What is SAM?
The System for Award Management (SAM.gov) is an official website of the U.S. Government. There is no cost to use SAM.gov. You can use this site to:
  • Register to do business with the U.S. Government
  • Update, renew, or check the status of your entity registration
  • Search for entity registration and exclusion records
  • Access publicly available award data via data extracts and system accounts
Is there any cost to register in SAM?
No, there is no cost to use or register in SAM.
Why are regulated and non-regulated lenders now required to register?
The Office of Management and Budget issued a revision to 2 CFR Part 25, PART 25—UNIVERSAL IDENTIFIER AND SYSTEM FOR AWARD MANAGEMENT – which requires SAM screening and registration for regulated and non-regulated lenders filing for programs under the OneRD Guarantee Loan Initiative. This revision was effective on Nov. 12, 2020.
Who is required to complete the SAM registration?
Regulated and non-regulated lenders filing for programs under the OneRD Guarantee Loan Initiative are required to register in SAM.gov.
When do approved lenders have to register by?
Regulated and non-regulated lenders filing for programs under the OneRD Guarantee Loan Initiative are required to complete registration by the time they submit an application. Processing of SAM registrations may require 10 business days or more to complete. Lenders are strongly encouraged to begin the SAM registration process in advance of submitting their applications.
How do regulated and non-regulated lenders and their principal officers register?
A quick start guide on how to register an organization or individual is located here. Registering for SAM does not require a third-party vendor.

Additional Resources

OneRD Lender Help Desk:
Email: OneRdGuarantee@usda.gov
 
Important Links:
OneRD Guarantee Loan Initiative Webpage: www.rd.usda.gov/OneRD
2021 Lender Guide: https://www.rd.usda.gov/sites/default/files/OneRDLenderGuide.pdf
FY22 Annual Notice: https://www.govinfo.gov/content/pkg/FR-2021-07-02/pdf/2021-14193.pdf

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