S. 2709 · 117th Congress
Continuing Access to 504 Capital Act
- Stage
- In committee
- Sponsor
- Benjamin Cardin
- Introduced
- 2021-08-10
- Latest action
- 2021-08-10 · Introduced in Senate
Summary
Continuing Access to 504 Capital Act
This bill authorizes the Small Business Administration (SBA) to guarantee an additional $1 billion of loans made under the 504 Program. 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.