To extend the low-interest refinancing provisions under the Local Development Business Loan Program of the Small Business Administration.
Commercial Real Estate and Economic Development Act of 2013 or CREED Act of 2013 - Reinstates for a five-year period beginning on the date of enactment of this Act the authority for Small Business Administration (SBA) low-interest refinancing of small business debt not involving business expansion under the SBA's local development business loan program.
Repeals a provision of the Small Business Jobs Act of 2010 which terminated such authority as of September 27, 2012.
States that no additional appropriations are authorized for the reinstated refinancing program.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 167.
Introduced in House
Introduced in House
Referred to the House Committee on Small Business.
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