|S1005: A bill to amend the Small Business Act to improve programs for veterans, and for other purposes [0 comments]|
- Amends the Small Business Act to: (1) authorize grants of up to $25,000 for small business assistance for members of the reserves called or ordered to active duty (reservists); (2) allow the Administrator of the Small Business Administration (SBA) to make noncollateralized small business loans to such reservists; (3) direct the Administrator to establish a loan preapproval process for small business loans to such reservists; and (4) direct the Administrator to develop an outreach and technical assistance program with respect to loans and grants made to such reservists.
- National Reservist Enterprise Transition and Sustainability Act of 2007 - Directs the Administrator to establish a program to provide business planning assistance to small businesses owned and operated by reservists.
- Authorizes SBA loans of up to $100,000 to new veteran entrepreneurs.
- [View bill for full summary]
|March 28, 2007:||Sponsor introductory remarks on measure. (CR S4050-4051)|
|March 28, 2007:||Read twice and referred to the Committee on Small Business and Entrepreneurship.|