Small Business Disaster Response and Loan Improvements Act of 2007
Last action on Feb 14, 2007Referred to the House Committee on Small Business.
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Summary
Small Business Disaster Response and Loan Improvements Act of 2007 - Amends the Small Business Act to authorize the Administrator of the Small Business Administration (SBA) to: (1) guarantee the payment of principal and interest on private lender loans to small businesses located in a disaster area; and (2) make disaster loans to private nonprofit organizations located or operating in a disaster area. Increases disaster loan caps.
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