Small Business Loan Program Act of 1999

The Small Business Loan Program was created to stimulate small businesses by providing up to one half of the amount of participation loans offered by approved community lenders.

A small business is one with fewer than 50 full-time employees and less than $1 million in annual gross sales, excluding agricultural production.

The project must provide reasonable expectations for job creation. The Commission's share cannot exceed 50% of the total loan amount and cannot be less than $2,500 or more than $40,000.

Small Business Loan Program