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senate Bill S. 2808

Express Loan Improvements Act of 2009

bill Progress


  • Not enacted
    The President has not signed this bill
  • The house has not voted
  • The senate has not voted
      senate Committees
      Committee on Small Business and Entrepreneurship
    IntroducedNovember 20th, 2009

Bill Details

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Title

Express Loan Improvements Act of 2009

Official Title

A bill to improve the Express Loan Program of the Small Business Act.

Summary

Express Loan Improvements Act of 2009 - Amends provisions of the Small Business Act relating to the Express Loan Program to: (1) increase (for a two-year period) from 50% to 75% the maximum percentage of such loan that may be guaranteed by the Small Business Administration (SBA); and (2) increase from $350,000 to $1 million the maximum loan amount.

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