SBA Loan Paperwork Reduction Act of 2013

SBA Loan Paperwork Reduction Act of 2013 - Directs the Administrator of the Small Business Administration (SBA) to carry out a Small Loan Advantage Program in the same manner as, and as a replacement for, the SBA Small Loan Advantage loan initiative. (Under the loan initiative, SBA lenders make partially guaranteed, lower-dollar small business loans which often benefit businesses in underserved areas or markets.)

Makes pilot program loan guarantee percentage limits inapplicable to such Program.

Authorizes the Administrator to increase the Program's maximum loan amount, reduce the Program's fees, and further streamline the Program's loan approval process.

[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2461 Introduced in House (IH)]

113th CONGRESS
  1st Session
                                H. R. 2461

   To amend the Small Business Act to make permanent the Small Loan 
               Advantage program, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 20, 2013

   Ms. Hahn introduced the following bill; which was referred to the 
                      Committee on Small Business

_______________________________________________________________________

                                 A BILL


 
   To amend the Small Business Act to make permanent the Small Loan 
               Advantage program, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``SBA Loan Paperwork Reduction Act of 
2013''.

SEC. 2. SMALL LOAN ADVANTAGE PROGRAM.

    Section 7(a) of the Small Business Act (15 U.S.C. 636(a)) is 
amended by adding at the end the following:
            ``(36) Small loan advantage.--
                    ``(A) Permanent establishment.--The Administrator 
                shall carry out a Small Loan Advantage program in 
                accordance with this paragraph.
                    ``(B) Administration of program.--Except as 
                otherwise provided under this paragraph, the 
                Administrator shall carry out the Small Loan Advantage 
                program in the same manner as the Small Loan Advantage 
                loan initiative of the Administration--
                            ``(i) under which lenders were eligible to 
                        begin submitting loans on February 15, 2011; 
                        and
                            ``(ii) as in effect on June 1, 2013.
                    ``(C) Nonapplicability of pilot program 
                limitations.--No limitation under paragraph (25)(A) 
                applies to the Small Loan Advantage program under this 
                paragraph.
                    ``(D) Increased flexibility.--The Administrator is 
                authorized to increase the program's maximum loan 
                amount, to reduce the program's fees, and to further 
                streamline the program's loan approval process if the 
                Administrator determines that such adjustments would be 
                fair and appropriate.''.
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