Increasing Small Business Lending Act

Summary

Increasing Small Business Lending Act - Amends the Small Business Act to suspend, until September 30, 2015, fees under the 7(a) program (SBA-guaranteed loans to small businesses) and the 504 program (financing to small businesses backed by SBA-guaranteed debentures issued by any qualified state or local development company). Authorizes the SBA to guarantee up to 90% of a loan made by a private lender to a small business eligible for a loan guarantee under the Small Business Act or the Small Business Investment Act of 1958. Prohibits such guarantees with respect to small businesses: (1) in which an unlawful alien has an ownership interest, or (2) in violation of immigration laws.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 9 May 2014

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• Introduced in House (PDF)

  Introduced in House · EN · 9 May 2014

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• Introduced in House

  summary · EN · 9 May 2014

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