Search Results for keywords:"sba disaster loans"

Search Results: keywords:"sba disaster loans"

H. R. 8581 — To amend the Small Business Act to provide for cancellation or repayment for certain Small Business Administration disaster loans, and for other purposes.
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May 31, 2024
Status:Introduced in House
Congress:118
Words:420
H. R. 8581, known as the “Disaster Loan Forgiveness Act,” proposes changes to the Small Business Act to allow the cancellation or repayment of certain disaster loans provided by the Small Business Administration (SBA). Under this bill, individuals with income at or below 400%...
Simple Explanation
H. R. 8581 is a proposed law that wants to help people and small businesses who borrowed money after a disaster. If someone doesn't earn a lot of money, they might not have to pay back all or part of their loan.
H. R. 9036 — To amend the Small Business Act to provide for cancellation or repayment for Small Business Administration disaster loans, and for other purposes.
July 15, 2024
Status:Introduced in House
Congress:118
Words:267
H. R. 9036 aims to amend the Small Business Act to offer provisions for the cancellation or repayment of Small Business Administration (SBA) disaster loans. This bill allows the SBA Administrator to cancel or repay part of the interest and principal due on disaster loans for...
Simple Explanation
The bill H. R. 9036 is like a special rule that helps small businesses if they have a loan from the government because of a disaster, by letting them pay less money or even not have to pay some of it back starting one year after the disaster. This means it tries to make things easier for small businesses that got hurt by disasters.

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