H.R. 2224 · 111th Congress
To amend section 7(a) of the Small Business Act to provide assistance to motor vehicle dealers, and for other purposes.
- Stage
- In committee
- Sponsor
- Lee Terry
- Introduced
- 2009-04-30
- Latest action
- 2009-04-30 · Introduced in House
Summary
Amends the Small Business Act to authorize the Administrator of the Small Business Administration (SBA) to provide loans to motor vehicle dealers for the purchase of inventory. Sets the maximum loan limit at $20 million.