HR 2462 · 113th Congress · Commerce
Small Business Opportunity Acceleration Act of 2013
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Small Business.(2013-06-20)
Plain Language Summary
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Small Business Opportunity Acceleration Act of 2013 - Amends the Small Business Act to eliminate loan guarantee fees for certain small business loans that total $150,000 or less. (Currently, the Small Business Administration [SBA] is required to collect a guarantee fee, which is payable by the participating lender, and may be charged to the borrower, of up to 2% of the deferred participation share of a such a total loan amount that is $150,000 or less.)…
Summarized by Claude AI · Non-partisan · For informational purposes only