SBA Loan Paperwork Reduction Act of 2012 - Directs the Administrator of the Small Business Administration (SBA) to carry out a Small Loan Advantage Program in the same manner as, and as a replacement for, the SBA Small Loan Advantage loan initiative. (Under the loan initiative, SBA lenders make partially guaranteed, lower-dollar small business loans which often benefit businesses in underserved areas or markets.)
Makes pilot program loan guarantee percentage limits inapplicable to the Small Loan Advantage Program.
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E84)
Referred to the House Committee on Small Business.
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