Małe firmy · 24.01.1995

Business LoansMicroloans

On October 22, 1994, the ``Small Business Administration Reauthorization and Amendments Act of 1994'' was enacted. It amends section 7(m) of the Small Business Act (Act) regarding the SBA microloan financing program. These proposed rules would implement that amendment. Included among the proposed changes are regulations implementing a pilot program which authorizes SBA to guarantee up to 100 percent of loans made to intermediary lenders, the inlcusion of native American tribal governments as eligible to participate as intermediaries in the program, authorization for SBA to provide additional grant assistance to an intermediary which by its lending assists residents in economically distressed areas, and an extension of the sunset date of the microloan for an additional fiscal year.