3.0.0 1603 2023-01-13T04:50:20Z 2023-01-13T04:50:20Z Senate S S 2005-07-29 109 sssb00 Small Business and Entrepreneurship Committee Senate Standing Referred to 2005-07-29T23:20:00Z 2005-07-29 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 S9524) IntroReferral 2005-07-29 Sponsor introductory remarks on measure. (CR S9523-9524) IntroReferral B00100 9 Library of Congress 2005-07-29 Introduced in Senate IntroReferral 10000 9 Library of Congress S000663 Sen. Snowe, Olympia J. [R-ME] Olympia Snowe R ME J. N S000888 Sen. Stevens, Ted [R-AK] THEODORE STEVENS R AK F. 2006-06-28 False Commerce Administrative procedure Authorization Economics and Public Finance Government Operations and Politics Government lending Law Small Business Administration Small business Standards Commerce 00 2005-07-29 Introduced in Senate 2005-10-21T21:55:47Z Small Business Lending Improvement Act of 2005 - Amends the Small Business Act to establish within the current Preferred Lenders Program operated by the Small Business Administration (SBA) the National Preferred Lenders Program, under which a participant may operate as a preferred lender in any state if the lender meets eligibility criteria established by the SBA. Allows each approved participant to make loans for up to two years under the program.

Increases: (1) to up to $3 million the maximum authorized SBA gross loan amount for small businesses; and (2) the FY2006 authorization of appropriations to the SBA for such loans.

Directs the SBA Administrator to establish an alternative size standard (measuring the size of a business for purposes of eligibility for small business loans) utilizing the maximum net worth and net income of the prospective borrower as an alternative to the use of industry standards. Requires, in the interim, the use of an alternative size standard regulation.

]]> Small Business Lending Improvement Act of 2005 Display Title Small Business Lending Improvement Act of 2005 Official Title as Introduced A bill to establish a National Preferred Lender Program, facilitate the delivery of financial assistance to small businesses, and for other purposes. Introduced in Senate IS Short Titles as Introduced Small Business Lending Improvement Act of 2005 Introduced in Senate 2005-07-29T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109s1603is/xml/BILLS-109s1603is.xml 2005-07-29 Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S9524) 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.