Small Business Loan Amendments Act of 1995

Summary

Small Business Loan Amendments Act of 1995 - Amends the Small Business Act (Act) to reduce the level of participation by the Small Business Administration (SBA) in loans guaranteed under the Act on a deferred basis to: (1) 70 percent of the balance of the financing outstanding, with respect to loans made under the Preferred Lenders Program; and (2) 75 percent of such balance, with respect to all other loans. Allows such percentages to be reduced upon request of the participating lender. Prohibits the SBA from using the percentage requested as a criterion for establishing priorities in approving guarantee requests. Limits the maximum interest rate under the Preferred Lenders Program to that charged to other loan guarantees under the Act. Increases the loan guarantee fee authorized to be charged by the SBA. Repeals provisions allowing participating lenders providing loans of less than $75,000 to retain a portion of the loan guarantee fee charged by the SBA.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 3 May 1995

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• Introduced in House (PDF)

  Introduced in House · EN · 3 May 1995

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• Introduced in House

  summary · EN · 3 May 1995

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