S. 2637 · 113th Congress
SBA Intermediary Lending Program Act of 2014
- Stage
- In committee
- Sponsor
- Carl Levin
- Introduced
- 2014-07-22
- Latest action
- 2014-07-22 · Introduced in Senate
Summary
SBA Intermediary Lending Program Act of 2014 - Amends the Small Business Act to make permanent the Small Business Administration (SBA) Intermediary Lending Program (ILP).
Limits to a maximum of: (1) $1 million a single ILP loan to an eligible intermediary, (2) $5 million the total amount outstanding and committed to the intermediary by the Administrator under the program, and (3) $20 million the total amount of all ILP loans during each of FY2015-FY2017.
Authorizes the Administrator, during FY2018 and each ensuing fiscal year, to use amounts made available for the program.