To amend the Small Business Act to increase the maximum amount for which a loan can be made under the Microloan Program.
Last action on Jan 4, 2005Referred to the House Committee on Small Business.
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Summary
Amends the Small Business Act to increase from $35,000 to $50,000 the maximum individual loan amount under the Microloan Program (a program of start-up assistance for women, low-income, veteran, and minority entrepreneurs and business owners and businesses located in economically distressed areas).
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