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United States · Bill · HR

H.R. 4295 (111th)

Small Business Emergency Capital Assistance Act of 2009

referredUnited States· United States Congress· EN

Introduced

11 December 2009

Last action

Status

Referred to the Subcommittee on Finance and Tax.

Sponsors

Subjects

Discovery layer

Source updated

14 August 2025

Summary

Small Business Emergency Capital Assistance Act of 2009 - Directs the Administrator of the Small Business Administration (SBA) to carry out a program under which the Administrator may make loans directly to small businesses determined to: (1) be economically healthy; (2) have good credit; and (3) be unable to obtain a loan on reasonable terms from a non-federal source. Limits loan amounts to $1.5 million, with a maximum repayment term of 25 years. Requires: (1) the Administrator to report annually to the congressional small business committees concerning loans made under the program; and (2) the Comptroller General to evaluate the program's effectiveness and report evaluation results to such committees.

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Documents

3 official files

Introduced in House (text)

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