Small Business Intermediary Lending Pilot Program Act of 2005

The Small Business Intermediary Lending Pilot Program Act of 2005 proposed a three-year initiative to help small businesses access mid-sized loans that are often difficult to obtain through traditional banks. Under this program, the Small Business Administration (SBA) would provide low-interest loans to nonprofit community lenders, who would then redistribute those funds as fixed-rate loans ranging from $35,000 to $200,000 to local startups and growing companies. The goal of the legislation was to stimulate economic growth in both urban and rural areas by providing entrepreneurs with the necessary capital to establish or expand their businesses.