Skip to main content
HR 167 109th Congress House Commerce Administrative procedure Charities Congress Congressional investigations Congressional reporting requirements Day care Economics and Public Finance Families Finance and Financial Sector Government Operations and Politics Government lending Government paperwork Law Loans Nonprofit organizations Small Business Administration Small business Social Welfare Surety and fidelity

Child Care Lending Pilot Act of 2005

Introduced: January 4, 2005 See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 4, 2005
Referred to the House Committee on Small Business.
Jan 4, 2005
Introduced in House
 Plain-English summary Congressional Research Service

Child Care Lending Pilot Act of 2005 - Allows proceeds of loans made through the Small Business Administration (SBA) to local certified development companies for plant acquisition, construction, or expansion to be used to provide loans to small, nonprofit child care businesses, provided that: (1) the loan will be used for a sound business purpose approved by the SBA Administrator; (2) each business receiving the assistance meets eligibility requirements applicable to for-profit businesses; (3) one or more individuals have personally guaranteed the loan; and (4) the child care business has both clear and singular title to the collateral for the loan and sufficient cash flow to meet loan obligations and reasonable operating expenses. Prohibits more than seven percent of the total number of loans guaranteed in any fiscal year for local development companies from being awarded under this program. Terminates such authority at the end of FY 2007.

What's happening now January 4, 2005

Referred to the House Committee on Small Business.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 3