A bill to modify the small business intermediary lending program.
SBA Intermediary Lending Program Act of 2014 - Amends the Small Business Act to make permanent the Small Business Administration (SBA) Intermediary Lending Program (ILP).
Limits to a maximum of: (1) $1 million a single ILP loan to an eligible intermediary, (2) $5 million the total amount outstanding and committed to the intermediary by the Administrator under the program, and (3) $20 million the total amount of all ILP loans during each of FY2015-FY2017.
Authorizes the Administrator, during FY2018 and each ensuing fiscal year, to use amounts made available for the program.
Referred to the House Committee on Small Business.
Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S5138-5142)
Introduced in Senate
Sponsor introductory remarks on measure. (CR S4707-4708)
Read twice and referred to the Committee on Small Business and Entrepreneurship.
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