legislation: 109-s-2646

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
109-s-2646 109 s 2646 Child Care Lending Pilot Act of 2006 Commerce 2006-04-25 2006-04-25 Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S3512-3513) Senate Sen. Kerry, John F. [D-MA] MA D K000148 1 Child Care Lending Pilot Act of 2006 - Amends the Small Business Investment Act of 1958 to allow proceeds of loans made through the Small Business Administration (SBA) to be used by certified local development companies to assist a small, nonprofit child care business (business) if: (1) the loan is used for a sound business purpose approved by the SBA; (2) each business meets eligibility requirements applicable to for-profit businesses; (3) one or more individuals has personally guaranteed the loan; (4) each business has clear title to the collateral for the loan; and (5) each business has sufficient cash flow to meet loan obligations and reasonable operating expenses. Prohibits more than seven percent of the total number of loans guaranteed in any fiscal year for certified development companies from being awarded under such program. Allows such assistance through FY2009. 2023-01-13T04:48:35Z  

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