Microloan Program Enhancement Act of 2019
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Microloan Program Enhancement Act of 2019
This bill expands access to financing through the Microloan Program of the Small Business Administration (SBA).
Specifically, the bill eliminates a restriction that prevents the SBA from distributing more than 1/55th of its funding in any state during the first half of the year. The bill also raises the cap on the total amount that may be committed to an intermediary to provide loans under the program. Lastly, the bill sets program levels for technical assistance grants and direct loans through FY2022.
Committee on Small Business and Entrepreneurship. Hearings held.
- Introduced in Senate Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). S. 996: Microloan Program Enhancement Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-S-996/
"S. 996: Microloan Program Enhancement Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-996/.
S. 996, 116th Cong. (2026), https://openamerica.io/bill/116-S-996/.
[S. 996: Microloan Program Enhancement Act of 2019](https://openamerica.io/bill/116-S-996/)