Requires annual portfolio risk analysis of loans guaranteed under the 504 program.
Amends title V of the Small Business Investment Act of 1958 to require the Small Business Administration to annually conduct a risk analysis of the portfolio of loans guaranteed under the 504 program. The analysis must include an overall program risk assessment, industry concentration risk, and specific risk analyses for loans based on origination dates, borrower type, and property type. The Administrator must submit a report to Congress annually, detailing the results of the analysis and steps taken to mitigate identified risks.
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