HR 7120 · 96th Congress · Commerce

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

Introduced 1980-04-22· Sponsored by Rep. McDade, Joseph M. [R-PA-10]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Small Business.(1980-04-22)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

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