Small Business Health Information Technology Financing Act
The Small Business Health Information Technology Financing Act (H.R. 3014), introduced by Representative Kathy Dahlkemper, would make cost-saving information technology affordable for small group and individual health care practitioners. The bill would create a new loan guarantee program at the Small Business Administration for the purchase of health information technology by eligible health care professionals in solo and small group practices. The loan guarantee program provides a 90 percent guarantee and loan amounts up to $350,000 for an individual practitioner and $2,000,000 for a group. Additionally, loans fees may be no more than two percent on the guaranteed part of the loan.