SALE OF 7(a) LOANS IN SECONDARY MARKET.

SEC. 1117. SALE OF 7(a) LOANS IN SECONDARY MARKET. Section 5(g) of the Small Business Act (15 U.S.C. 634(g)) is amended by adding at the end the following: “(6) If the amount of the guaranteed portion of any loan under section 7(a) is more than $500,000, the Administrator shall, upon request of a pool assembler, divide the loan guarantee into increments of $500,000 and 1 increment of any remaining amount less than $500,000, in order to permit the maximum amount of any loan in a pool to be not more than $500,000. Only 1 increment of any loan guarantee divided under this paragraph may be included in the same pool. Increments of loan guarantees to different borrowers that are divided under this paragraph may be included in the same pool.” .