3.0.0 3432 2023-01-11T13:19:58Z 2023-01-11T13:19:58Z Senate S S 2010-05-27 111 sssb00 Small Business and Entrepreneurship Committee Senate Standing Referred to 2010-05-27T18:08:19Z 2010-05-27 sssb00 Small Business and Entrepreneurship Committee Senate Read twice and referred to the Committee on Small Business and Entrepreneurship. IntroReferral 2010-05-27 Introduced in Senate IntroReferral 10000 9 Library of Congress B000711 Sen. Boxer, Barbara [D-CA] BARBARA BOXER D CA N Commerce Business investment and capital Government lending and loan guarantees Small business Commerce 00 2010-05-27 Introduced in Senate 2010-06-28T18:01:48Z Working Capital Express Act of 2010 - Amends the Small Business Act to authorize the Administrator of the Small Business Administration (SBA) to guarantee loans for working capital made by lenders under the SBA's Express Loan Program to small businesses in operation for at least two years. Provides loan terms, including a guarantee limit of $750,000 for each small business.

Directs the Administrator to: (1) establish maximum default and delinquency rates for such loans; and (2) suspend the eligibility to make such loans in the case of any lender with a default or delinquency rate in excess of such rates.

]]> Working Capital Express Act of 2010 Display Title Working Capital Express Act of 2010 Official Title as Introduced A bill to establish a temporary Working Capital Express loan guarantee program for small business concerns, and for other purposes. Introduced in Senate IS Short Titles as Introduced Working Capital Express Act of 2010 Introduced in Senate 2010-05-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s3432is/xml/BILLS-111s3432is.xml 2010-05-27 Read twice and referred to the Committee on Small Business and Entrepreneurship. 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.