A bill to amend the Small Business Act to provide loans to small businesses suffering substantial economic injury as the result of national energy policies to assist them in making payments on mortgage.

Summary

Provides loans, under the Small Business Act, to businesses suffering substantial economic injury as the result of national energy policies to assist them in making payments on mortgages. States that such loans may be made during the five-year period beginning on the date of enactment of this Act and as the Small Business Administration may determine to be necessary or appropriate if there is reasonable assurance of repayment. Empowers the Administration to allow the recipient of any such loan to defer any payment of principal on the loan for a period ending not more than two years after the date of receipt of the loan. (Amends 15 U.S.C. 636 (b))

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1 official file

• Introduced in House

  summary · EN · 21 January 1974

  Open at official source

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