To direct the Administrator of the Small Business Administration to establish and carry out a direct lending program for small business concerns, and for other purposes.

Summary

Directs the Administrator of the Small Business Administration (SBA) to establish and carry out a program of making loans directly to small businesses. Limits loan amounts to the lesser of 10% of annual business revenues or $500,000. Provides program funding from unobligated amounts available under title I (Troubled Asset Relief Program [TARP]) of the Emergency Economic Stabilization Act of 2008.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 10 December 2009

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• Introduced in House (PDF)

  Introduced in House · EN · 10 December 2009

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• Introduced in House

  summary · EN · 10 December 2009

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