Credit elsewhere exemption

Section 7(a)(1)(A) of the Small Business Act (15 U.S.C. 636(a)(1)(A)) is amended— (1) in clause (i), by striking The Administrator and inserting Except as provided in clause (iii), the Administrator; and (2) by adding at the end the following: (iii) Exemption Clause (i) shall not apply to loans under paragraph (13) of this subsection, loans or other financings under the Small Business Investment Act of 1958 (15 U.S.C. 661 et seq.), or any other loan made by the Administrator to a certified development company..

Section 7(a)(1)(A) of the Small Business Act (15 U.S.C. 636(a)(1)(A)) is amended— (1) in clause (i), by striking The Administrator and inserting Except as provided in clause (iii), the Administrator; and (2) by adding at the end the following: (iii) Exemption Clause (i) shall not apply to loans under paragraph (13) of this subsection, loans or other financings under the Small Business Investment Act of 1958 (15 U.S.C. 661 et seq.), or any other loan made by the Administrator to a certified development company..