U.S. Senator Kirsten Gillibrand (D-NY)
BUFFALO – Senator Kirsten Gillibrand will be in Buffalo Monday to push for bipartisan legislation known as the Investing in America’s Small Manufacturers Act.
Gillibrand says the legislation would increase the availability of affordable loans for small manufacturers through the Small Business Administration’s loan guarantee programs.
The bipartisan legislation would increase the loan guarantee limit for loans to small manufacturers, eliminate a penalty that new manufacturers are required to pay when applying for an SBA 504 loan, eliminate loan fees for loans under $350,000, and cut loan fees in half for larger loans.
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