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United States · Bill · HR

H.R. 7120 (96th)

A bill to assist small business borrowers by extending the term of SBA loans and for other purposes.

referredUnited States· United States Congress· EN

Introduced

22 April 1980

Last action

Status

Referred to House Committee on Small Business.

Sponsors

Subjects

Discovery layer

Source updated

7 February 2024

Summary

Amends the Small Business Act to: (1) increase from $500,000 to $750,000 the maximum Small Business Administration (SBA) loan ceiling; (2) increases from ten to 25 years the maximum SBA loan periods; and (3) authorize the Administrator of the SBA to permit specified loan extensions and refinancing.

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Documents

1 official file

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Sources

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