H.R. 5763
Lowers down payment for certain small business loans
Reduces by 5% the share of total cost that borrowers must pay themselves for certain Small Business Administration loans used to buy, build, or expand a business site.
- Cuts the required borrower contribution by 5% of total cost
- Applies to loans for limited or single-purpose properties
- Loans can cover land, construction, conversion, or expansion of a facility
- Applies to certain Small Business Administration loans
Passed the House · Senate's turn