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United States · Law · S

S. 1274 (103rd)

Small Business Guaranteed Credit Enhancement Act of 1993

enactedUnited States· United States Congress· EN

Introduced

21 July 1993

Last action

Status

Became Public Law No: 103-81.

Sponsors

Subjects

Discovery layer

Source updated

14 January 2025

Summary

Small Business Credit Reform Act of 1993 - Amends the Small Business Act (the Act) to increase, for each of FY 1993 through 1996, the funding under such Act for: (1) disaster loans; (2) loans under the Small Business Investment Act of 1958; and (3) loans for other programs under the Act. Revises the loan funding authority and adds FY 1995 and 1996 funding authority for the Microloan Demonstration Program (the provision of loans and grants to start up, newly established, or growing small businesses). Amends the Small Business Administration Reauthorization and Amendments Act of 1988 to remove limitations on the commercial loan interest rates to be charged by a State for private debenture sales authorized under such Act. Authorizes the Small Business Administration (SBA) to charge an additional loan guarantee fee for loans made under the Act which are sold on the secondary market. Makes miscellaneous changes with respect to other loans guaranteed by the SBA under the Act, including the Microloan Program. Revises the dates of conferences to be held by the National White House Conference on Small Business. Increases the authorization of appropriations for Conference activities.

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Documents

15 official files

Public Law (PDF)

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