H.R.4265 - To direct the Administrator of the Small Business Administration to establish and carry out a direct lending program for small business concerns, and for other purposes.111th Congress (2009-2010)
|Sponsor:||Rep. Yarmuth, John A. [D-KY-3] (Introduced 12/10/2009)|
|Committees:||House - Small Business; Financial Services|
|Latest Action:||House - 12/10/2009 Referred to the Subcommittee on Finance and Tax. (All Actions)|
This bill has the status Introduced
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Summary: H.R.4265 — 111th Congress (2009-2010)All Information (Except Text)
Introduced in House (12/10/2009)
Directs the Administrator of the Small Business Administration (SBA) to establish and carry out a program of making loans directly to small businesses. Limits loan amounts to the lesser of 10% of annual business revenues or $500,000.
Provides program funding from unobligated amounts available under title I (Troubled Asset Relief Program [TARP]) of the Emergency Economic Stabilization Act of 2008.