H.R. 3737 authorizes such sums as necessary to make $80 million in technical assistance grants and $110 million in direct loans in Fiscal Year 2010 and 2011 under the SBA Microloan program. This program provides short-term loans of up to $35,000 for working capital and the purchase of supplies, inventory, and equipment. The bill also increases loan limits for intermediary lenders to $1 million for the first year of participation and $7 million in the remaining years. H.R. 3737 expands the eligibility for intermediary lenders so that lenders with no experience making microloans would be eligible to participate if one of its employees has at least three years of experience. Finally, the bill creates a Young Entrepreneurs program in the SBA to assist the development of new businesses by young people who remain in their local area. Repayment on such loans would be deferred for six months.