HR 4844
504 Program Level Flexibility Act
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- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
504 Program Level Flexibility Act This bill authorizes the Small Business Administration (SBA), upon a determination that the amount of its commitments to guarantee 504 loans could exceed the authorized limit, to guarantee up to 115% of that limit. Such loans, made through SBA community partners and certified by the SBA, provide long-term, fixed rate financing for major fixed assets that promote business growth and job creation.
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Primary sponsor
Marie Newman
Cosponsors
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