United States · Bill · S
S. 2661 (111th)
Child Care Lending Pilot Act of 2009
Introduced
2 November 2009
Last action
—
Status
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Sponsors
—
Subjects
Discovery layer
Source updated
14 August 2025
Summary
Child Care Lending Pilot Act of 2009 - Amends the Small Business Investment Act of 1958 to allow proceeds of loans made through the Small Business Administration (SBA) to be used by certified local development companies to assist a small, nonprofit child care business if: (1) the loan is used for a sound business purpose approved by the SBA; (2) each business meets eligibility requirements applicable to for-profit businesses; (3) one or more individuals has personally guaranteed the loan; (4) each business has clear title to the collateral for the loan; and (5) each business has sufficient cash flow to meet loan obligations and reasonable operating expenses. Prohibits more than 7% of the total number of loans guaranteed in any fiscal year for certified development companies from being awarded under such program.
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 2 November 2009
Introduced in Senate (PDF)
Introduced in Senate · EN · 2 November 2009
Introduced in Senate
summary · EN · 2 November 2009
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/111th-congress/senate-bill/2661
- Open data entity: https://api.congress.gov/v3/bill/111/s/2661