Native American Small Business Development Act of 2008
A bill to reauthorize and improve the financing and entrepreneurial development programs of the Small Business Administration, and for other purposes.
Other Bill Titles (4 more) 4/24/2008--Introduced.
SBA Reauthorization and Improvement Act of 2008 - Amends the Small Business Act (the Act) to reauthorize for FY2008-FY2010 certain small business assistance programs of the Small Business Administration (SBA), including:
(1) the microloan program (lo... moreSee Full Bill Text
Amendments
This bill has no amendments.
Bill Status
| Introduced | ![]() | Voted on by Senate | ![]() | Voted on by House | ![]() | Considered By President | ![]() | Bill Becomes Law |
| April 24, 2008 |
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Blog Coverage
September 26, 2008 US Senate Small Business Committee - AAJC/AACEP Testimony
On September 11, 2008 the US Senate Small Business Committee, chaired by Senator John Kerry (D-MA), held a hearing related to bill S. 2920, which is the US Small Business Administration (SBA) Reauthorization and Improvement Act of 2008. ...
September 18, 2008 Senate Bill S.2920 SBA Reauthorization and Improvement Act of 2008
Senate bill S.2920 is to authorize and improve the financing and entrepreneurial development programs of the Small Business Administration, and for other programs was introduced in April and added to the congressional calendar, ...
Source: Franchising in New England
July 21, 2008 Podcast: FTC Red Flag Rule Due To Kick In
New âRed Flagâ Requirements for Financial Institutions and Creditors Will Help Fight Identity Theft SBA Office of Advocacy S. 2920, SBA Reauthorization and Improvement Act (THOMAS) Business Opportunity Connection â¦
Source: Make Me Private








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Small businesses' financing needs are increasing, and the high cost of real estate and equipment makes it critical to recognize that reality and to offer larger long-term loans through SBA's 7(a) business loan program. In addition, the SBA portfolio needs more large loans to remain healthy.
Larger loans pay much higher fees than smaller loans. With an overabundance of smaller loans, the federal government is getting less up-front income from loans today than it has over the last several years. And, larger loans tend to be secured by real estate, which means higher recoveries in the event of a default.
The use of an alternative size standard based on a business's net worth and income will simplify the eligibility determination that is a part of every SBA 7(a) loan process and offer lenders an option to assist small businesses in qualifying for 7(a) loans.
As an experienced SBA lender, I have seen fees for questionable SBA lender oversight increase to a point where many lenders are leaving the program or scaling back their operations. It is important that, as S. 2920 requires, SBA improve their lender oversight and implement meaningful
measures that help lenders, the agency, and congressional oversight Committees measure the performance of SBA's loan programs. Requiring the SBA to develop and implement oversight technology to improve portfolio performance and oversight of the SBA's 7(a) and 504 loan programs is
critical, and by requiring measurement of loan liquidation, currency, recovery, and delinquency, and to use these measurements to determine lender portfolio quality and conduct lender oversight would be a step forward in that effort.
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