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.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Introduced in Senate
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Commerce
Government lending and loan guaranteesSmall business
Continuing Access to 504 Capital Act
USA117th CongressS-2709| Senate
| Updated: 8/10/2021
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.