Sec. 12. Additional leverage for small businesses affected by the COVID–19 outbreak
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Section 303(b)(2) of the Small Business Investment Act of 1958 ( 15 U.S.C. 683(b)(2) ) is amended by adding at the end the following: In calculating the outstanding leverage of a company for purposes of subparagraph
(A)or (B), the Administrator shall exclude the amount of leverage outstanding to covered small businesses, not to exceed an amount equal to $100,000,000, if the amount excluded is used exclusively for working capital purposes. In this subparagraph, the term covered small business means a small business concern is located in a State or United States territory with at least one confirmed or presumed positive case of COVID–19. . Notwithstanding any other provision of law, for purposes of additional leverage requested under subparagraph
(E)of section 303(b)(2) of the Small Business Investment Act of 1958, as added by subsection (a), the Administrator shall approve or deny such request within 14 calendar days of receipt by the Administrator of the request.
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Sec. 12
Additional leverage for small businesses affected by the COVID–19 outbreak
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