the loans that the Administrator projects will be 
made during that fiscal quarter, given the pro-
gram level authorized by law for that fiscal year 
and any other factors that the Administrator 
considers appropriate.’’. 
SEC. 102. RURAL LENDING OUTREACH PROGRAM. 
Section 7(a) of the Small Business Act (15 U.S.C. 
636(a)) is amended— 
(1) by striking paragraph (25)(C); and 
(2) by adding at the end the following: 
‘‘(33) RURAL LENDING OUTREACH PROGRAM.— 
The Administrator shall carry out a rural lending 
outreach program to provide up to an 85 percent 
guaranty for loans of $250,000 or less. The program 
shall be carried out only through lenders located in 
rural areas (as ‘rural’ is defined in section 501(f) of 
the Small Business Investment Act of 1958). For a 
loan made through the program, the following shall 
apply: 
‘‘(A) The Administrator shall approve or 
disapprove the loan within 36 hours. 
‘‘(B) The program shall use abbreviated 
application and documentation requirements. 
‘‘(C) Minimum credit standards, as the 
Administrator considers necessary to limit the 
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rate of default on loans made under the pro-
gram, shall apply.’’. 
SEC. 103. COMMUNITY EXPRESS PROGRAM MADE PERMA-
NENT. 
(a) IN GENERAL.—Section 7(a) of the Small Busi-
ness Act (15 U.S.C. 636(a)) is amended by adding at the 
end the following: 
‘‘(34) COMMUNITY
EXPRESS
PROGRAM.—The 
Administrator shall carry out a Community Express 
Program for loans of $250,000 or less. For a loan 
made under this paragraph, the following shall 
apply: 
‘‘(A) The loan shall be made to a business 
concern— 
‘‘(i) the majority ownership interest of 
which is directly held by individuals who 
are women, minorities, or veterans of the 
Armed Forces; or 
‘‘(ii) that is located in a low- or mod-
erate-income area, as defined by the Ad-
ministrator. 
‘‘(B) The loan shall comply with the collat-
eral policy of the Administration, except that, if 
the amount of the loan is less than or equal to 
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$25,000, the Administration shall not require 
the lender to take collateral. 
‘‘(C) The loan shall include terms requir-
ing the lender to ensure that technical assist-
ance is provided to the borrower, through the 
lender or a third-party provider. 
‘‘(D) The Administration shall approve or 
disapprove the loan within 36 hours.’’. 
(b) NOTICE AND COMMENT.—The program required 
by section 7(a)(34) of the Small Business Act, as added 
by subsection (a), shall be established after the oppor-
tunity for notice and comment and not later than 180 days 
after the date of the enactment of this Act. 
SEC. 
104. 
MEDICAL 
PROFESSIONALS 
IN 
DESIGNATED 
SHORTAGE AREAS PROGRAM. 
(a) IN GENERAL.—Section 7(a) of the Small Busi-
ness Act (15 U.S.C. 636(a)) is amended by adding at the 
end the following: 
‘‘(35) 
MEDICAL
PROFESSIONALS
IN
DES-
IGNATED SHORTAGE AREAS PROGRAM.—The Admin-
istrator shall carry out a Medical Professionals in 
Designated Shortage Areas Program. For a loan 
made under this paragraph, the following shall 
apply: 
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