United States · Bill · S
S. 4817 (116th)
Small Business Access to Recovery Capital Act
Introduced
20 October 2020
Last action
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Status
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Sponsors
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Subjects
Discovery layer
Source updated
14 January 2025
Summary
Small Business Access to Recovery Capital Act This bill temporarily modifies the 7(a) Loan Guaranty Program of the Small Business Administration (SBA) by waiving borrower and lender fees, increasing the government guarantee to 95%, increasing the maximum loan value to $10 million, and waiving repayment for any new 7(a) loans for one year. The SBA must issue temporary COVID-19 (i.e., coronavirus disease 2019) guidance that reflects these changes.
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Votes
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Versions
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 20 October 2020
Introduced in Senate (PDF)
Introduced in Senate · EN · 20 October 2020
Introduced in Senate
summary · EN · 20 October 2020
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/116th-congress/senate-bill/4817
- Open data entity: https://api.congress.gov/v3/bill/116/s/4817