Small Business Secondary Market Improvements Act of 1984

[AI summary unavailable — showing source text] Amends the Small Business Act to provide for the guaranteed payment by the Administrator of the Small Business Administration (SBA) of trust certificates that are: (1) issued to persons approved under this Act; and (2) based on and backed by a trust composed of the portions of deferred participation and guaranteed loans which have been guaranteed by the SBA under the Small Business Act or the Small Business Investment Act of 1958. Prohibits any State, local, or Federal law from precluding or limiting the SBA from carrying out the provisions of this Act.…