S. 2891 — Child Care Lending Pilot Act

Summary

Child Care Lending Pilot Act - Amends the Small Business Investment Act of 1958 to allow the proceeds of loans made through the Small Business Administration (SBA) to local development companies for plant acquisition, construction, or expansion to be used to assist small, nonprofit child care businesses, provided that: (1) the loan will be used for a sound business purpose approved by the SBA; and (2) each business receiving the assistance meets eligibility requirements applicable to for-profit businesses.

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Related Legislation

H.R. 5749Child Care Lending Pilot Act
2002-11-14Referred to the House Committee on Small Business.
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Legislative Actions

2002-08-01
Introduced in Senate
2002-08-01
Sponsor introductory remarks on measure. (CR S7954-7955)
2002-08-01
Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S7955-7956)

Child Care Lending Pilot Act

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