S 2637 · 113th Congress · Commerce

SBA Intermediary Lending Program Act of 2014

Introduced 2014-07-22· Sponsored by Sen. Levin, Carl [D-MI]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Small Business and Entrepreneurship.(2014-07-22)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only