Search Results: keywords:"sba loans"

  • S. 68 — To prohibit the suspension of collections on loans made to small businesses related to COVID–19, and for other purposes.
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    Status:Reported to Senate
    Words:2,069

    The bill, known as the “Complete COVID Collections Act,” aims to prevent the suspension of collecting repayments on loans given to small businesses during COVID-19. It defines key terms related to loan programs and funding provided for COVID-19 relief, extends the authority of the Special...

    Simple Explanation

    The "Complete COVID Collections Act" is a plan that stops people from being able to pause their payments on loans given to small businesses during the COVID-19 pandemic, and it also wants to make sure that any money wrongly taken goes back to help pay off the country’s debt.

  • S. 305 — To authorize small business loans to finance access to modern business software, and for other purposes.
    Status:Introduced in Senate
    Words:420

    S. 305 is a bill introduced in the 119th Congress that aims to authorize small business loans to help finance access to modern business software. It amends Section 7(a) of the Small Business Act to allow these loans to cover costs related to business software, cloud...

    Simple Explanation

    S. 305 is a bill that wants to help small businesses get loans so they can buy new computer programs and tools, like those that help with sales and payroll, without the money being used for inventing new things.