legislation: 111-s-3432

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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
111-s-3432 111 s 3432 Working Capital Express Act of 2010 Commerce 2010-05-27 2010-05-27 Read twice and referred to the Committee on Small Business and Entrepreneurship. Senate Sen. Boxer, Barbara [D-CA] CA D B000711 0 Working Capital Express Act of 2010 - Amends the Small Business Act to authorize the Administrator of the Small Business Administration (SBA) to guarantee loans for working capital made by lenders under the SBA's Express Loan Program to small businesses in operation for at least two years. Provides loan terms, including a guarantee limit of $750,000 for each small business. Directs the Administrator to: (1) establish maximum default and delinquency rates for such loans; and (2) suspend the eligibility to make such loans in the case of any lender with a default or delinquency rate in excess of such rates. 2023-01-11T13:19:58Z  

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