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Home > Federal Government > S.599
Chief Sponsor:

Olympia J. Snowe

Tagged in: Administrative procedure, Budgets, Business, Business and politics, Congressional reporting requirements, Disaster loans, Electronic data interchange, Emergency management, Executive departments, Federally-guaranteed loans

Latest Update: Saturday, October, 11th 2008

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A bill to improve the disaster loan program of the Small Business Administration, and for other purposes.

2/14/2007--Introduced.

Private Disaster Loans Act of 2007 - Amends the Small Business Act to authorize the Administrator of the Small Business Administration (SBA) to guarantee timely payment of principal and interest on any loan issued by a qualified private lender to an eligible small business located in a disaster area. Authorizes the Administrator to establish an online application process for such loans.

Authorizes the Administrator to guarantee up to 85 percent of such a loan. Sets the maximum amount of such a loan at $2 million.
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Latest Actions
  • 02/14/2007 - Sponsor introductory remarks on measure. (CR S1976-1977)
  • 02/14/2007 - Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S1977)
Bill Text
File name Last Updated
S.599 Introduced in Senate08/31/2007