Small Business Disaster Relief Act of 2017

Summary

Small Business Disaster Relief Act of 2017 This bill amends the Small Business Act to authorize the Small Business Administration (SBA) to exceed the $100,000 limit on small business development center assistance grants to accommodate extraordinary occurrences having a catastrophic impact on small business concerns in a community. The bill amends the Disaster Relief Act of 1970 to permit: (1) the use of SBA and Farm Service Agency (formerly, Farmers Home Administration) loans for enterprises that are vital to recovery efforts in a disaster area (including debris removal services, manufactured housing, gasoline, telecommunications, or building materials); and (2) such loans to waive any required evaluation of creditworthiness in exchange for a fee set by the SBA or the Farm Service Agency.

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3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 25 September 2017

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 25 September 2017

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• Introduced in Senate

  summary · EN · 25 September 2017

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