59.062 Intermediary Loan Program

Small Business Administraton

Three year pilot program in which SBA will make direct loans of up to $1 million at an interest rate of 1 percent to up to 20 nonprofit lending intermediaries each year, subject to the availability of funds. Term of ILP loans will be for a maximum period of 20 years with deferred payments for the first two years. Intermediaries will then use the ILP loan funds to make loans of up to $200,000 to startup, newly established, or growing small business concerns. No small business (including affiliates) may have more than $200,000 outstanding under this program at one time.

Revise results below

Total Program Obligations*: (grants and loans)
  • 2010: $0
  • 2011: $20,000,000
  • Consistency (Loans)200920102011
    percent or dollar amount of obligations that were over/under reported, or not reported at all
    Over Reported———
    Under Reported———
    Not Reported——$20,000,000
* Total program obligations reported in the Catalog of Federal Domestic Assistance
† No obligations reported in the Catalog of Federal Domestic Assistance

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