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S. 2780

BillFederalSenateIn Committee
Small Business Intermediary Lending Pilot Program Act of 2009
About This Bill
Committee
Latest Action · November 17, 2009
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Congress
111th (2009–2011)
Introduced
November 17, 2009
Sponsor
Sen. Carl LevinD
Cosponsors (0)
None
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Summary

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Small Business Intermediary Lending Pilot Program Act of 2009 - Establishes a three-year small business intermediary lending pilot program under which the Administrator of the Small Business Administration (SBA) may make direct loans to eligible nonprofit lending intermediaries for the purpose of making loans of up to $200,000 each to startup, newly-established, and growing small businesses. Authorizes the Administrator, under the program, to make one percent, 20-year loans of up to $3 million to up to 20 lending intermediaries.

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