Rural Business Lending Act

Summary

Rural Business Lending Act - Establishes the Rural Business Lending Program under which the Small Business Administration shall: (1) guarantee loans through participating lenders of up to $750,000 per loan; (2) guarantee up to 90 percent of loans made by such lenders; (3) collect a loan guarantee fee of no more than one percent of the amount guaranteed; and (4) exempt participating lenders from a basis point fee otherwise required if such exemption will significantly increase the number of loans made under the Program. Requires a report. Authorizes appropriations for FY 2000 through 2002.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 4 February 1999

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 4 February 1999

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 4 February 1999

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.