Loans for Small Business Software

Small Business Technological Act of 2025This bill authorizes the Small Business Administration (SBA) to finance under the 7(a) loan program business software or cloud computing services that facilitate business operations, product or service delivery, payroll processing, human resources functions, sales and billing functions, or accounting or tracking of inventory. Such software or services include business tools that utilize artificial intelligence. The 7(a) loan program is the SBA's primary business loan program that provides loan guaranties for participating lenders to provide financing to small businesses that are otherwise unable obtain reasonable credit terms.

1. Small businesses can now access loans specifically for modern business software and cloud services. 2. The loans can help with payroll, accounting, inventory tracking, and other essential business functions. 3. This bill allows the use of artificial intelligence tools to improve business operations. 4. The changes aim to support small businesses in becoming more efficient and competitive.

This bill affects small business owners who need financial help to upgrade their technology.