A bill to amend the Small Business Act to provide low-interest operating loans to small businesses seriously affected by a shortage in energy producing materials.

Summary

Empowers the Small Business Administration, where other financial assistance is not available on reasonable terms, to make loans (either directly or in cooperation with banks or other lending institutions through agreements to participate on an immediate or deferred basis) at a rate of interest not to exceed 3 percent per year to assist any small business concern to meet operating costs, if the Administration determines that such business concern has suffered substantial economic injury as the result of a shortage in energy producing material. Limits such loans to a period of 5 years.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 28 February 1974

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.