Amendment provides that a rural small business owner who is not within 30 miles of a rural lender can take advantage of the rural lending outreach program through any lender in the SBA 7(a) loan program.

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Amendment Number
113
Description
Amendment provides that a rural small business owner who is not within 30 miles of a rural lender can take advantage of the rural lending outreach program through any lender in the SBA 7(a) loan program.
Purpose
An amendment numbered 3 printed in House Report 110-108 to allow rural small business owners, who do not have a rural lender in their area, to receive the benefits of the Rural Lending Outreach Program through loans issued by any lender enrolled in the 7(a) loan program.
Congress
110
Type
HAMDT
Latest Action Date
Apr 25, 2007
Latest Action Text
On agreeing to the Cuellar amendment (A003) Agreed to by voice vote.
Latest Action Time
17:18:49
Submitted Date
Apr 25, 2007
Chamber
House of Representatives
Update Date
Dec 5, 2020
Amendment 113 — Informed