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Bill > HR2936


US HR2936

US HR2936
Small Business Administration Express Loan Extension Act of 2011


summary

Introduced
In Committee
Crossed Over
Passed
Dead

Introduced Session

112th Congress

Bill Summary

Small Business Administration Express Loan Extension Act of 2011 - Amends the Small Business Jobs Act of 2010 to extend through September 27, 2012 (under current law, until September 27, 2011) a temporary increase from $350,000 to $1 million in the maximum loan amount under the Express Loan Program of the Small Business Administration (SBA).

AI Summary

This bill, the Small Business Administration Express Loan Extension Act of 2011, amends the Small Business Jobs Act of 2010 to extend a temporary increase in the maximum loan amount available through the Small Business Administration's (SBA) Express Loan Program. The Express Loan Program allows for faster approval of loans for small businesses. This bill extends the higher loan limit of $1 million, which was originally set to expire on September 27, 2011, for an additional year, until September 27, 2012.

Committee Categories

Business and Industry

Sponsors (14)

Last Action

Referred to the House Committee on Small Business. (on 09/15/2011)

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