A bill to authorize the appropriation of funds to the Small Business Administration, and for other purposes.

[AI summary unavailable — showing source text] Amends the Small Business Act to limit direct financing with respect to loans to small businesses for plant acquisition, construction, conversion, or expansion unless: (1) it is shown that a participation is not available; (2) the applicant is a prospective business or one which has commenced operations within the preceding 18 months; and (3) it is accompanied by an additional 25 percent in funds from non-Federal sources. Decreases the dollar amount of immediate participation loans with respect to small business plant acquisition, construction, conversion, or expansion. Limits to ten years the period of time on direct or immediate participation loans to small businesses. Prohibits deferred participation on loans for such plant acquisition, construction, conversion, or expansion. Requires the Small Business Administration (SBA) to require, as a condition of each direct loan to a small business, that the borrower agree to annually provide specified information during the term of such loan. Requires the SBA to report annually to the President and the Congress. Sets forth specified conditions with respect to the submission of such reports by the SBA and the submission of certain inform…