Amendment amends Section 7(a)(7) of the Small Business Act to allow for repayment of SBA 7(a) loans (granted to small businesses after enactment of this bill) to be deferred for a maximum of 12 months from receipt of final loan disbursement if that small business concern is classified in sector 23 of the North American Industry Classification System.

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Amendment Number
488
Description
Amendment amends Section 7(a)(7) of the Small Business Act to allow for repayment of SBA 7(a) loans (granted to small businesses after enactment of this bill) to be deferred for a maximum of 12 months from receipt of final loan disbursement if that small business concern is classified in sector 23 of the North American Industry Classification System.
Purpose
An amendment numbered 12 printed in Part B of House Report 111-317 to amend Section 7(a)(7) of the Small Business Act to allow for repayment of SBA 7(A) loans (granted to small businesses after enactment of this bill) to be deferred for a maximum of 12 months from receipt of final loan disbursement if that small business concern is classified in sector 23 of the North American Industry Classification System.
Congress
111
Type
HAMDT
Latest Action Date
Oct 29, 2009
Latest Action Text
On agreeing to the Kissell amendment (A012) Agreed to by voice vote.
Latest Action Time
16:21:57
Submitted Date
Oct 29, 2009
Chamber
House of Representatives
Update Date
Dec 5, 2020
Amendment 488 — Informed