H.R. 7120 — A bill to assist small business borrowers by extending the term of SBA loans and for other purposes.

Summary

Amends the Small Business Act to: (1) increase from $500,000 to $750,000 the maximum Small Business Administration (SBA) loan ceiling; (2) increases from ten to 25 years the maximum SBA loan periods; and (3) authorize the Administrator of the SBA to permit specified loan extensions and refinancing.

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Legislative Actions

1980-04-22
Introduced in House
1980-04-22
Introduced in House
1980-04-22
Referred to House Committee on Small Business.

A bill to assist small business borrowers by extending the term of SBA loans and for other purposes.

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Summary

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