SUPPORTING VETERAN BUSINESSES

摘要

Sen. David Vitter, Chairman of the Senate Committee on Small Business & Entrepreneurship, announced on July 27 that the Senate voted to pass two major pieces of legislation to help small businesses, including an amendment that would raise the cap of SBA's 7(a) loan guaranty program and reform the program by requiring heightened congressional scrutiny and statutory language to prevent SBA loans from displacing private sector loans. "Small entities-the driving force of our economy-need to have access to capital," said Sen. Vitter. "Thousands of small businesses across the nation rely on this important SBA program, and any prolonged lapse of the program would have threatened their ability to secure the credit necessary to start or expand their businesses."