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United States · Law · S

S. 895 (104th)

Small Business Lending Enhancement Act of 1995

enactedUnited States· United States Congress· EN

Introduced

8 June 1995

Last action

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Status

Became Public Law No: 104-36.

Sponsors

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Subjects

Discovery layer

Source updated

2 July 2025

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Summary

Small Business Lending Enhancement Act of 1995 - Amends the Small Business Act to reduce the level of participation by the Small Business Administration (SBA) in loans guaranteed under the Act on a deferred basis to: (1) 75 percent of the outstanding balance, if the balance exceeds $100,000; and (2) 80 percent of such balance, for balances less than or equal to $100,000. Allows such percentages to be reduced upon request of the participating lender. Prohibits the SBA from using the percentage requested as a criterion for establishing priorities in approving guarantee requests. Limits the maximum interest rate under the Preferred Lenders Program to that charged for other loan guarantees under the Act. Increases the loan guarantee fees authorized to be charged by the SBA on all guaranteed loans payable over a period in excess of one year. Repeals provisions allowing participating lenders providing loans of less than $75,000 to retain a portion of the loan guarantee fee charged by the SBA. Directs the SBA to assess and collect an annual fee, to be payable by the participating lender, in an aggregate amount of no more than 0.4 percent of the outstanding balance of the deferred participation share of the loan.

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Documents

15 official files

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