Bill > HR915

This bill expands the scope of Small Business Administration (SBA) business loans to explicitly include financing for modern business software and technology. Specifically, the bill amends the Small Business Act to allow SBA loans to cover expenses related to business software, cloud computing services, and technology that supports critical business functions such as payroll processing, human resources management, sales and billing, accounting, inventory tracking, and tools utilizing artificial intelligence. The bill clarifies that this expansion does not retroactively invalidate previous loans, does not authorize loans for research and development purposes, and does not alter the existing definition of working capital under the Small Business Act. The legislation aims to help small businesses access and invest in technological tools that can improve operational efficiency and competitiveness by providing financial support through existing SBA loan programs.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/915/all-info