WASHINGTON — The House Small Business Committee has started its work on reauthorizing some of the Small Business Administration's programs.
With the passage of H.R. 1361, the Relief for Entrepreneurs: Coordination of Objectives and Values for Effective Recovery Act of 2007 and H.R. 1332, the Small Business Capital Improvements Act of 2007, the committee said the legislation addresses two of the most pressing problems facing entrepreneurs today–access to disaster assistance and affordable capital.
The Small Business Capital Improvements Act of 2007 aims to make the 7(a) and 504 programs more affordable to borrowers and lenders. It also creates initiatives specially designed to meet the needs of medical providers in underserved areas, as well as Iraq war veterans who have recently returned from deployment.
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