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Increases Small Business Loan Limits

Recent Bills/Increases Small Business Loan Limits

Increases Small Business Loan Limits

IntroducedN/A

In Senate1 year ago

Intro

Senate

House

Pres

Sitting in the House Small Business and Entrepreneurship Committee.

Most bills stop at this point and never get a vote.

Commerce

More:Bills in the Senate Economy Senate Bills

Why This Matters

This bill increases the maximum amount of money small businesses can borrow through specific loan programs.

If you own a small business, you can now borrow up to $7.5 million through a 7(a) loan.

Who this affects

small business owners

What changes is this bill making?

1This bill raises the maximum loan amount for certain small business loans.
2The new limit for a 7(a) loan increases from $3.75 million to $7.5 million.
3Development company loans will also see their maximum increase from $5 million to $10 million.
4These changes aim to provide more financial support to small businesses.
5The bill is designed to help businesses grow and create jobs.

Read full document

Last changed 1 month ago · checked hourly

Bill Progress3 of 4

Bills must pass the House, Senate, and be signed by the President to become law.

Intro

Senate

House

Pres

IntroducedJan 31, 2025

Sponsors

See all 3 sponsors

Senate

HouseCurrent

Sitting in the House Small Business and Entrepreneurship Committee.

Most bills stop at this point and never get a vote.

President

The President

Similar Bills

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House Bill · HR 2066

4 of 4 · Became Law

Increases Funding for Rural Small Businesses

Investing in All of America Act of 2025