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Small Business Administration Microloan Program
This report opens with a discussion of the rationale provided for having a Microloan program, describes the program's eligibility standards and operating requirements for lenders and borrowers, and examines the arguments presented by the program's critics and by its advocates. It concludes with an examination of changes to the program authorized by P.L. 111-240, the Small Business Jobs Act of 2010. The act increased the Microloan program's loan limit for borrowers from $35,000 to $50,000, and for intermediaries after their first year of participation in the program from $3.5 million to $5 million. It also authorizes the SBA to waive, in whole or in part through FY2012, the non-federal share requirement for loans to the Microloan program's intermediaries and for grants made to Microloan intermediaries for small business marketing, management, and technical assistance for up to a fiscal year.
This package includes following files:
| # | File Name | Document Date | Order ID: | Number of Pages | Price | |
|---|---|---|---|---|---|---|
| 1 |
R41057.pdf
|
Aug 02, 2012 | R41057 | 18 | $29.95 | Add to Cart |
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