Protecting Access to Credit for Small Businesses Act prohibits the Small Business Administration from making direct loans under the 7(a) loan program.
The Protecting Access to Credit for Small Businesses Act prohibits the Small Business Administration from making direct loans under the 7(a) loan program. However, it mandates that the Administrator service any direct loans made under this program before the enactment of this Act. This change aims to alter the credit access dynamics for small businesses by modifying the role of the Small Business Administration in the loan process.
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