United States · Bill · S
S. 1445 (114th)
Microloan Act of 2015
Introduced
21 May 2015
Last action
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Status
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Sponsors
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Subjects
Discovery layer
Source updated
12 August 2025
Summary
Microloan Act of 2015 This bill amends the Small Business Act to revise requirements for the Small Business Administration (SBA) Microloan Program (direct loans to eligible intermediaries for making fixed interest rate microloans to startup, newly established, or growing small businesses). The bill repeals the authority for each intermediary to expend certain grant amounts to: (1) provide information and technical assistance to small businesses that are prospective borrowers, and (2) enter into third party contracts to provide technical assistance. The bill also repeals minimum allocation requirements and authority to redistribute portions of remaining microloan funds in the third quarter. It is the sense of Congress that the SBA should promote the Microloan Program to encourage entrepreneurs to use it.
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 21 May 2015
Introduced in Senate (PDF)
Introduced in Senate · EN · 21 May 2015
Introduced in Senate
summary · EN · 21 May 2015
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/114th-congress/senate-bill/1445
- Open data entity: https://api.congress.gov/v3/bill/114/s/1445