H.R. 3836 · 112th Congress
SBA Loan Paperwork Reduction Act of 2012
- Stage
- In committee
- Sponsor
- Janice Hahn
- Introduced
- 2012-01-27
- Latest action
- 2012-01-27 · Introduced in House
Summary
SBA Loan Paperwork Reduction Act of 2012 - 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 the Small Loan Advantage Program.