1. Short title This Act may be cited as the Puerto Rico Small Business Assistance Act of 2019 . 2. Table of contents The table of contents for this Act are as follows: Sec. 1. Short title. Sec. 2. Table of contents. Sec. 3. Definitions. Title I—Lending Sec. 101. Microloan program for Puerto Rico small business concerns. Sec. 102. Fee reductions. Sec. 103. Economic stimulus lending program for small businesses. Sec. 104. Contribution percentages for 504 projects. Sec. 105. Independent subsidy calculation. Title II—Procurement Sec. 201. Contracting preference for Puerto Rico businesses. Title III—Entrepreneurial Development Sec. 301. Veteran Business Outreach Center in Puerto Rico. Sec. 302. FAST grant program for Puerto Rico. 3. Definitions In this Act: (1) Administrator The term Administrator means the Administrator of the Small Business Administration. (2) Oversight Board termination date The term Oversight Board termination date means 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 ) terminates. (3) Puerto Rico The term Puerto Rico means the Commonwealth of Puerto Rico. (4) Puerto Rico business The term Puerto Rico business has the meaning given in section 3(ee) of the Small Business Act ( 15 U.S.C. 632(ee) ). (5) Small business concern The term small business concern has the meaning given such term under section 3 of the Small Business Act ( 15 U.S.C. 632 ). I Lending 101. Microloan program for Puerto Rico small business concerns (a) Increase in access to capital for certain intermediaries Section 7(m)(3)(C) of the Small Business Act ( 15 U.S.C. 636(m)(3)(C) ) is amended— (1) by inserting and except as provided in clause (ii) after subsection (a)(3) ; (2) by striking Notwithstanding and inserting the following: (i) In general Notwithstanding