Pub. L. 108-447, div. K, tit. I, subtit. A, sec. 104

DEBENTURE SIZE.

EnactedYear: 2004Length: 146 wordsOfficial source
SEC. 104. DEBENTURE SIZE. Section 502(2) of the Small Business Investment Act of 1958 (15 U.S.C. 696(2)) is amended to read as follows:“(2) Maximum amount.—“(A) In general.—Loans made by the Administration under this section shall be limited to—“(i) $1,500,000 for each small business concern if the loan proceeds will not be directed toward a goal or project described in subparagraph (B) or (C);“(ii) $2,000,000 for each small business concern if the loan proceeds will be directed toward 1 or more of the public policy goals described under section 501(d)(3); and“(iii) $4,000,000 for each project of a small manufacturer.“(B) Definition.—As used in this paragraph, the term ‘small manufacturer’ means a small business concern—“(i) the primary business of which is classified in sector 31, 32, or 33 of the North American Industrial Classification System; and“(ii) all of the production facilities of which are located in the United States.”.
Pub. L. 108-447, div. K, tit. I, subtit. A, sec. 104: DEBENTURE SIZE. | Justis AI