3.0.0 2193 2023-01-15T11:03:08Z 2023-01-15T11:03:08Z Senate S S 2004-03-10 108 sssb00 Small Business and Entrepreneurship Committee Senate Standing Referred to 2004-03-11T01:37:50Z 2004-04-01 Sponsor introductory remarks on measure. (CR S3595) IntroReferral B00100 9 Library of Congress 2004-03-10 sssb00 Small Business and Entrepreneurship Committee Senate Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S2560-2561) IntroReferral 2004-03-10 Sponsor introductory remarks on measure. (CR 3/12/2004 S2559-2560) IntroReferral B00100 9 Library of Congress 2004-03-10 Introduced in Senate IntroReferral 10000 9 Library of Congress S000663 Sen. Snowe, Olympia J. [R-ME] Olympia Snowe R ME J. N B000611 Sen. Bond, Christopher S. [R-MO] CHRISTOPHER BOND R MO S. 2004-03-10 True C001057 Sen. Coleman, Norm [R-MN] Norm Coleman R MN 2004-03-11 False E000285 Sen. Enzi, Michael B. [R-WY] MICHAEL ENZI R WY B. 2004-03-11 False K000148 Sen. Kerry, John F. [D-MA] JOHN KERRY D MA FORBES 2004-03-22 False C000127 Sen. Cantwell, Maria [D-WA] Maria Cantwell D WA 2004-03-23 False R000307 Sen. Roberts, Pat [R-KS] PAT ROBERTS R KS 2004-03-23 False L000261 Sen. Levin, Carl [D-MI] CARL LEVIN D MI MILTON 2004-03-23 False L000304 Sen. Lieberman, Joseph I. [D-CT] JOSEPH LIEBERMAN D CT I. 2004-03-24 False P000590 Sen. Pryor, Mark L. [D-AR] Mark Pryor D AR Lunsford 2004-03-24 False B000382 Sen. Bennett, Robert F. [R-UT] ROBERT BENNETT R UT F. 2004-03-24 False E000286 Sen. Edwards, John [D-NC] JOHN EDWARDS D NC 2004-03-25 False A000121 Sen. Allen, George [R-VA] GEORGE ALLEN R VA F. 2004-03-25 False B001233 Sen. Bayh, Evan [D-IN] EVAN BAYH D IN 2004-03-25 False J000072 Sen. Jeffords, James M. [I-VT] JAMES JEFFORDS I VT MERRILL 2004-03-29 False H000206 Sen. Harkin, Tom [D-IA] THOMAS HARKIN D IA RICHARD 2004-03-29 False B001126 Sen. Burns, Conrad R. [R-MT] CONRAD BURNS R MT R. 2004-03-29 False L000174 Sen. Leahy, Patrick J. [D-VT] Patrick Leahy D VT 2004-03-30 False F000061 Sen. Feingold, Russell D. [D-WI] RUSSELL FEINGOLD D WI D. 2004-03-31 False E000194 Sen. Ensign, John [R-NV] JOHN ENSIGN R NV 2004-04-05 False N000032 Sen. Nelson, Bill [D-FL] CLARENCE NELSON D FL WILLIAM 2004-04-05 False Commerce Administrative fees Congress Economics and Public Finance Export finance Federally-guaranteed loans Fees Foreign Trade and International Finance Government lending Liens Loans Small business Sunset legislation Commerce 00 2004-03-10 Introduced in Senate 2004-05-04T18:21:16Z Small Business Loan Revitalization Act - Amends the Small Business Act (the Act) to provide requirements for the making of a Small Business Administration (SBA) guaranteed loan to a small business within 120 days after a commercial loan is obtained by that small business. Makes such small business ineligible for the SBA loan unless the commercial loan does not exceed $2 million.

Allows the commercial loan to be: (1) made by the lender providing the guaranteed financing or by a different lender; (2) secured by a senior lien; and (3) made by a lender in the Preferred Lenders Program. Requires a fee to be paid by the lender to the SBA if the commercial loan has a senior credit position to that of the guaranteed loan.

Prohibits a small business from receiving combination financing (an SBA-guaranteed loan and a commercial loan) in an amount greater than $4 million.

Makes current SBA-guaranteed loan fees inapplicable to loans approved from the day after enactment of this Act until September 30, 2004. Applies a loan fee with respect to loans approved during the period beginning on: (1) October 1, 2002, and ending on the date of enactment of this Act of 0.25 percent of the outstanding balance of the deferred participation share of the loan; and (2) the first day after the enactment of this Act and ending on September 30, 2004, of 0.35 percent of such outstanding balance.

Directs the SBA to reconsider, before considering any other application, any application submitted on or after December 23, 2003, and before January 8, 2004, for an SBA loan guarantee that was rejected based on the loan amount requested if the applicant is otherwise eligible for financial assistance under the Act. Requires any small business that received SBA export working capital financing before January 1, 2004, and requests a financing renewal to have their request approved regardless of the size of such financing, if the small business is otherwise eligible for such financing.

Directs the SBA, ten days after the enactment of this Act, to allow general small business start-up loans up to the maximum amount permitted under the Act.

]]> Small Business Loan Revitalization Act Display Title Small Business Loan Revitalization Act Official Title as Introduced A bill to improve small business loan programs, and for other purposes. Introduced in Senate IS Short Titles as Introduced Small Business Loan Revitalization Act Introduced in Senate 2004-03-10T05:00:00Z 2004-04-01 Sponsor introductory remarks on measure. (CR S3595) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.