SEC. 103. ECONOMIC STIMULUS LENDING PROGRAM FOR 
SMALL BUSINESSES. 
(a) AUTHORITY.—Notwithstanding section 7(a) of 
the Small Business Act (15 U.S.C. 636(a)), for a quali-
fying small business loan the Administrator may guar-
antee not more than 90 percent of the balance of the fi-
nancing outstanding at the time of disbursement of the 
loan, if such balance is less than or equal to $2,000,000. 
(b) QUALIFYING
SMALL
BUSINESS
LOAN
DE-
FINED.—For purposes of this section, the term ‘‘quali-
fying small business loan’’ means any loan to a Puerto 
Rico business made pursuant to section 7(a) of the Small 
Business Act (15 U.S.C. 636(a)), except for such loans 
made under section 7(a)(31) of such Act (15 U.S.C. 
636(a)(31)). 
(c) QUALIFIED BORROWERS.— 
(1) ALIENS
UNLAWFULLY
PRESENT
IN
THE 
UNITED STATES.—The Administrator may not guar-
antee a loan made under this section to a small busi-
ness concern if an individual who is an alien unlaw-
fully present in the United States— 
(A) has an ownership interest in that con-
cern; or 
(B) has an ownership interest in another 
concern that itself has an ownership interest in 
that concern. 
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(2) FIRMS
IN
VIOLATION
OF
IMMIGRATION 
LAWS.—The Administrator may not guarantee a 
loan made under this section to any entity, based on 
a determination by the Secretary of Homeland Secu-
rity or the Attorney General, found to have engaged 
in a pattern or practice of hiring, recruiting, or re-
ferring for a fee for employment in the United 
States an alien, if such entity knows that the person 
is an unauthorized alien. 
(d) CRIMINAL
BACKGROUND
CHECKS.—Prior to 
guaranteeing a loan made under this section, the Adminis-
trator may verify the applicant’s criminal background, or 
lack thereof, through the best available means, including, 
if possible, use of the National Crime Information Center 
computer system at the Federal Bureau of Investigation. 
(e) APPLICATION OF OTHER LAW.—Nothing in this 
section shall be construed to exempt any activity of the 
Administrator under this section from the Federal Credit 
Reform Act of 1990. 
(f) SMALL BUSINESS ACT PROVISIONS.—Except as 
otherwise provided in this section, the requirements of sec-
tion 7 of the Small Business Act (and regulations promul-
gated thereunder) applicable to loan guarantees on or be-
fore the date of enactment of this Act shall apply to loan 
guarantees made under this section. 
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(g) SUNSET.—The Administrator may not guarantee 
a loan made under this section after the Oversight Board 
termination date. 
SEC. 
104. 
CONTRIBUTION 
PERCENTAGES 
FOR 
504 
PROJECTS. 
Notwithstanding section 502(3) of the Small Busi-
ness Investment Act of 1958 (15 U.S.C. 696(3)), during 
the period beginning on the date of enactment of this Act 
and ending on the Oversight Board termination date, the 
Administrator may guarantee a debenture issued by a de-
velopment company that has its principal office located in 
Puerto Rico if, of the total cost of the project financed— 
(1) 50 percent is derived from a loan from a 
private sector lender; 
(2) 45 percent is derived from a loan made 
from the proceeds of such debenture issued by the 
development company; and 
(3) 5 percent is provide by the borrower of such 
loans. 
SEC. 105. INDEPENDENT SUBSIDY CALCULATION. 
In making calculations under section 7(a)(26) of the 
Small Business Act (15 U.S.C. 636(a)(26)) or section 
503(g) of the Small Business Investment Act of 1958 (15 
U.S.C. 697(g)), the Director of the Office of Management 
and Budget shall make such calculations separately for 
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loans purchased or guaranteed under the authority under 
section 102, 103, or 104 of this Act. 
TITLE II—PROCUREMENT 
SEC. 201. CONTRACTING PREFERENCE FOR PUERTO RICO 
BUSINESSES. 
Section 15(x) of the Small Business Act (15 U.S.C. 
644(x)) is amended— 
(1) in the subsection heading, by striking 
‘‘SMALL BUSINESS CREDIT’’ and inserting ‘‘CON-
TRACTING’’; 
(2) by redesignating paragraph (2) as subpara-
graph (B) (and conforming the margins accord-
ingly); 
(3) by striking ‘‘If an agency’’ and inserting: 
‘‘(A) IN GENERAL.—If an agency’’; 
(4) in subparagraph (B), as so redesignated— 
(A) by striking ‘‘paragraph (1)’’ and in-
serting ‘‘subparagraph (A)’’; and 
(B) by striking ‘‘paragraph’’ and inserting 
‘‘subparagraph’’; and 
(5) by adding at the end the following new 
paragraph: 
‘‘(2) CONTRACTING PREFERENCE FOR PUERTO 
RICO BUSINESSES.—An agency shall provide a con-
tracting preference for a Puerto Rico business dur-
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ing the period beginning on the date of enactment 
of this paragraph and ending on the date on which 
the Oversight Board established under section 101 
of the Puerto Rico Oversight, Management, and 
Economic Stability Act (48 U.S.C. 2121) termi-
nates. The preference under this paragraph shall 
take priority over any preference for purchasing 
from the procurement list established pursuant to 
section 8503 of title 41, United States Code, or the 
Federal Prison Industries catalog described under 
section 4124(d) of title 18, United States Code.’’. 
TITLE III—ENTREPRENEURIAL 
DEVELOPMENT 
SEC. 301. VETERAN BUSINESS OUTREACH CENTER IN 
PUERTO RICO. 
(a) IN GENERAL.—Section 32 of the Small Business 
Act (15 U.S.C. 657b) is amended— 
(1) by redesignating subsection (f) as sub-
section (g); and 
(2) by inserting after subsection (e) the fol-
lowing: 
‘‘(f) VETERAN BUSINESS OUTREACH CENTER
IN 
PUERTO RICO.—The Administrator shall partner with an 
organization to establish a Veteran Business Outreach 
Center in the Commonwealth of Puerto Rico to provide 
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