A bill to amend the Small Business Act to provide simplification of forms to encourage certified and preferred lenders to provide loans of $50,000 or less, and for other purposes.

referredUnited States· United States Congress· EN

Introduced

8 July 1988

Last action

—

Status

Read twice and referred to the Committee on Small Business.

Summary

Amends the Small Business Act to authorize the Small Business Administration (SBA) to establish a certified loan program for lenders that display knowledge and proficiency with respect to SBA regulations and programs. Directs the SBA to encourage small business loans of $50,000 or less under both this new program and the preferred lenders program in FY 1989 and 1990 by permitting participating lenders to use their own forms without regard to SBA paperwork.

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Votes

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Versions

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Documents

1 official file

Introduced in Senate
summary · EN · 8 July 1988
Open at official source

Related records

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Sources

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Official source: https://www.congress.gov/bill/100th-congress/senate-bill/2624
Open data entity: https://api.congress.gov/v3/bill/100/s/2624