Welfare-to-Work Microloan Pilot Program Act of 1997

Welfare-to-Work Microloan Pilot Program Act of 1997 - Amends the Small Business Act to establish under the Microloan Demonstration Program a welfare-to-work microloan pilot program which increases the technical assistance grants provided to individuals receiving assistance under part A (Temporary Assistance for Needy Families) of title IV of the Social Security Act or other comparable State-funded programs in order to assist such individuals in establishing small businesses and eliminating their dependence on such assistance. Allows such grants to be used to subsidize child care and transportation costs or to establish child or elder care centers.

Directs the Small Business Administration to report annually to the small business committees on such pilot program.

Authorizes appropriations for FY 1998 through 2000.