S.822 - Child Care Lending Pilot Act of 2003108th Congress (2003-2004)
||Sen. Kerry, John F. [D-MA] (Introduced 04/08/2003)
||Senate - Small Business and Entrepreneurship
||09/17/2003 Sponsor introductory remarks on measure. (All Actions)
This bill has the status Introduced
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Introduced in Senate (04/08/2003)
Child Care Lending Pilot Act of 2003 - Amends the Small Business Investment Act of 1958 to allow the proceeds of loans made through the Small Business Administration (SBA) to local development companies for plant acquisition, construction, or expansion to be used to assist small, nonprofit child care businesses, provided that: (1) the loan will be used for a sound business purpose approved by the SBA; and (2) each business receiving the assistance meets eligibility requirements applicable to for-profit businesses.