Private Disaster Loans Act of 2007
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Feb 14, 2007)
Private Disaster Loans Act of 2007 - Amends the Small Business Act to authorize the Administrator of the Small Business Administration (SBA) to guarantee timely payment of principal and interest on any loan issued by a qualified private lender to an eligible small business located in a disaster area. Authorizes the Administrator to establish an online application process for such loans.
Authorizes the Administrator to guarantee up to 85 percent of such a loan. Sets the maximum amount of such a loan at $2 million.
What just happenedFeb 14, 2007
Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S1977)
Who’s behind it
- Introduced in SenateFeb 14, 2007
- Feb 14, 2007IntroReferral
Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S1977)
Small Business and Entrepreneurship Committee - Feb 14, 2007IntroReferralB00100
Sponsor introductory remarks on measure. (CR S1976-1977)
- Feb 14, 2007IntroReferral10000
Introduced in Senate