"Restricted access to capital is a significant obstacle holding back too many ambitious entrepreneurs from building and growing successful small businesses. The Access Act improves existing microfinance services to address this challenge and foster greater opportunity for men and women with limited resources to pursue the American dream. More access to capital means more access to opportunity for families to start their own businesses, climb out of poverty, strengthen communities, and create jobs." The current SBA program provides direct loans to qualified non-profit intermediary microloan lenders (intermediaries), which grant microloans - currently capped at
There are 178 intermediaries in 48 states, including four in the state of
Full text of the legislation is available online HERE.http://www.fischer.senate.gov/public/_cache/files/df6a914a-ef5b-4a06-86cb-00755ab34116/mir14300.pdf
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