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United States · Bill · S

S. 174 (107th)

Microloan Program Improvement Act of 2001

reportedUnited States· United States Congress· EN

Introduced

24 January 2001

Last action

Status

Ordered to be Reported (Amended).

Sponsors

Subjects

Discovery layer

Source updated

7 April 2025

Summary

Microloan Program Improvement Act of 2001 - Amends provisions of the Small Business Act concerning the Microloan program (a program of start-up loans to small businesses) to: (1) remove the requirement that such loans be short-term; (2) allow up to 35 (currently 25) percent of grant funds made to intermediaries to be used to provide technical assistance to small businesses who are prospective borrowers under the program; and (3) authorize the Administrator of the Small Business Administration to use up to $1 million of the annual appropriations for technical assistance grants to subcontract with one or more national trade associations of eligible intermediaries or other knowledgeable entities to provide peer-to-peer capacity building and training to lenders and organizations seeking to become lenders under the program.

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Documents

11 official files

Referred in House (text)

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