This bill makes permanent the increase from $14,000 to $25,000 the minimum disaster loan amount for which the Small Business Administration may require collateral. Under current law, this increase is set to expire on November 25, 2022.
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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
A bill to repeal the sunset for collateral requirements for Small Business Administration disaster loans.
USA117th CongressS-4299| Senate
| Updated: 5/24/2022
This bill makes permanent the increase from $14,000 to $25,000 the minimum disaster loan amount for which the Small Business Administration may require collateral. Under current law, this increase is set to expire on November 25, 2022.