Sec. 1111. SECTION 7(a) BUSINESS LOANS
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## SEC. 1111 SECTION 7(a) BUSINESS LOANS ###
(a)Amendment Section 7(a) of the Small Business Act (15 U.S.C. 636(a)) is amended— ####
(1)in paragraph (2)(A)— #####
(A)in clause (i), by striking “75 percent” and inserting “90 percent”; and #####
(B)in clause (ii), by striking “85 percent” and inserting “90 percent”; and ####
(2)in paragraph (3)(A), by striking “$1,500,000 (or if the gross loan amount would exceed $2,000,000” and inserting “$4,500,000 (or if the gross loan amount would exceed $5,000,000”. ###
(b)Prospective Repeal Effective January 1, 2011, section 7(a) of the Small Business Act (15 U.S.C. 636(a)) is amended— ####
(1)in paragraph (2)(A)— #####
(A)in clause (i), by striking “90 percent” and inserting “75 percent”; and #####
(B)in clause (ii), by striking “90 percent” and inserting “85 percent”; and ####
(2)in paragraph (3)(A), by striking “$4,500,000” and inserting “$3,750,000”.
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Sec. 1111
SECTION 7(a) BUSINESS LOANS
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