A bill to amend the Consolidated Appropriations Act, 2021 to increase the fiscal year 2021 commitments to guarantee certain business loans of the Small Business Administration.
Continuing Access to 504 Capital Act
This bill authorizes the Small Business Administration (SBA) to guarantee an additional $1 billion of loans made under the 504 Program. Such loans, made through SBA community partners and certified by the SBA, provide long-term, fixed rate financing for major fixed assets that promote business growth and job creation.
Introduced in Senate
Read twice and referred to the Committee on Small Business and Entrepreneurship.
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