A bill to amend the Small Business Act to provide simplification of forms to encourage certified and preferred lenders to provide loans of $50,000 or less, and for other purposes.

Amends the Small Business Act to authorize the Small Business Administration (SBA) to establish a certified loan program for lenders that display knowledge and proficiency with respect to SBA regulations and programs. Directs the SBA to encourage small business loans of $50,000 or less under both this new program and the preferred lenders program in FY 1989 and 1990 by permitting participating lenders to use their own forms without regard to SBA paperwork.