SBA Loan Paperwork Reduction Act of 2013
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jun 20, 2013)
SBA Loan Paperwork Reduction Act of 2013 - Directs the Administrator of the Small Business Administration (SBA) to carry out a Small Loan Advantage Program in the same manner as, and as a replacement for, the SBA Small Loan Advantage loan initiative. (Under the loan initiative, SBA lenders make partially guaranteed, lower-dollar small business loans which often benefit businesses in underserved areas or markets.)
Makes pilot program loan guarantee percentage limits inapplicable to such Program.
Authorizes the Administrator to increase the Program's maximum loan amount, reduce the Program's fees, and further streamline the Program's loan approval process.
What just happenedJun 20, 2013
Referred to the House Committee on Small Business.
Who’s behind it
- Introduced in HouseJun 20, 2013
- Jun 20, 2013IntroReferralH11100
Referred to the House Committee on Small Business.
- Jun 20, 2013IntroReferralB00100
Sponsor introductory remarks on measure. (CR E946)
- Jun 20, 2013IntroReferralIntro-H
Introduced in House
- Jun 20, 2013IntroReferral1000
Introduced in House