H.R. 4844 · 117th Congress
504 Program Level Flexibility Act
- Stage
- In committee
- Sponsor
- Marie Newman
- Introduced
- 2021-07-29
- Latest action
- 2021-07-29 · Introduced in House
Summary
504 Program Level Flexibility Act
This bill authorizes the Small Business Administration (SBA), upon a determination that the amount of its commitments to guarantee 504 loans could exceed the authorized limit, to guarantee up to 115% of that limit. Such loans, made through SBA community partners and certified by the SBA, provide long-term, fixed rate financing for major fixed assets that promote business growth and job creation.