Small Business Intermediary Lending Pilot Program Act of 2005

Summary

Small Business Intermediary Lending Pilot Program Act of 2005 - Establishes a three-year small business intermediary lending pilot program under which the Small Business Administration (SBA) may make direct loans to eligible nonprofit lending intermediaries for the purpose of making fixed interest rate and mid-size loans ($35,000 to $200,000) to startup, newly-established, and growing small businesses. Authorizes the SBA, under the program, to make one percent, 20-year loans of up to $1 million, on a competitive basis, to up to 20 nonprofit lending intermediaries. Requires geographic diversity and representation of urban and rural communities under the program.

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Timeline

1. 25 May 2005

   Introduced

   Referred to the House Committee on Small Business.

   Source: IntroReferral

2. 25 May 2005

   Introduced

   Sponsor introductory remarks on measure. (CR E1088)

   Source: IntroReferral

3. 25 May 2005

   Introduced

   Introduced in House

   Source: IntroReferral

4. 25 May 2005

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 25 May 2005 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 25 May 2005

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 25 May 2005

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 25 May 2005

  Open at official source

Sponsors

• BOBBY RUSH · D · Sponsor
• Rep. Wynn, Albert Russell [D-MD-4] · D · Cosponsor
• Rep. Owens, Major R. [D-NY-12] · D · Cosponsor
• Raúl Grijalva · D · Cosponsor
• Ed Case · D · Cosponsor
• · hssm00 · Standing

Related records

• related to ← Small Business Intermediary Lending Pilot Program Act of 2005