1. Short title; table of contents (a) Short title This Act may be cited as the Microloan Improvement Act of 2020 . (b) Table of contents The table of contents for this Act is as follows: Sec. 1. Short title; table of contents. Sec. 2. Interest rate for certain intermediaries. Sec. 3. Lines of credit authorized. Sec. 4. Extended repayment terms. Sec. 5. Loan limits adjusted. Sec. 6. Program funding for microloans. Sec. 7. Technical assistance grant flexibility. Sec. 8. Credit reporting information. Sec. 9. Report regarding equitable distribution. 2. Interest rate for certain intermediaries Section 7(m)(3)(F)(iii) of the Small Business Act ( 15 U.S.C. 636(m)(3)(F)(iii) ) is amended by striking $7,500 and inserting $10,000 . 3. Lines of credit authorized Section 7(m)(6)(A) of the Small Business Act ( 15 U.S.C. 636(m)(6)(A) ) is amended by inserting (including lines of credit) after fixed rate loans . 4. Extended repayment terms Section 7(m)(6) of the Small Business Act ( 15 U.S.C. 636(m)(6) ) is amended by adding at the end the following: (F) Repayment terms (i) Limitation on repayments term The repayment term for a loan made under this paragraph shall not be more than— (I) in the case of a loan made by an intermediary of $10,000 or less, 7 years