To prohibit the Administrator of the Small Business Administration from directly making loans under the 7(a) loan program, and for other purposes.

This bill prohibits the Small Business Administration from directly making a loan under the 7(a) Program, which authorizes loans and loan guaranties to small businesses that meet certain requirements.

Bill 117 hr 6037, also known as the "Small Business Administration Loan Prohibition Act," aims to prevent the Administrator of the Small Business Administration (SBA) from directly issuing loans under the 7(a) loan program. The 7(a) loan program is a popular SBA program that provides small businesses with access to financing for various purposes, such as starting or expanding their operations.

The bill seeks to prohibit the SBA Administrator from directly making loans under the 7(a) loan program, instead requiring the SBA to work with private lenders to facilitate these loans. This change is intended to streamline the loan process and reduce the administrative burden on the SBA.

In addition to prohibiting direct loans under the 7(a) loan program, the bill also includes provisions for other purposes. These additional purposes are not specified in the summary, but may include measures to improve the efficiency and effectiveness of the SBA's loan programs. Overall, Bill 117 hr 6037 aims to reform the way the SBA administers loans under the 7(a) loan program, with the goal of making the process more efficient and effective for small businesses seeking financing.