This bill changes the rules for disaster loans to help small businesses access funding more easily after disasters. It focuses on increasing loan amounts and improving outreach to rural areas.
Small Business Disaster Damage Fairness Act of 2025This bill increases from $14,000 to $50,000 the threshold loan amount over which the Small Business Administration (SBA) may require collateral for a disaster loan. The Government Accountability Office must report on the performance, including the default rate, of such loans. Additionally, the SBA must (1) distinguish between rural and urban communities in the outreach and marketing for disaster loans, and (2) incorporate actions to mitigate challenges encountered by rural communities in accessing such loans.
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