Bill > HR1893

This bill aims to increase loan limits for small businesses under two key federal loan programs. Specifically, for 7(a) loans administered by the Small Business Administration (SBA), the maximum loan amount would be raised from $3,750,000 to $7,500,000, with the gross loan limit increasing from $5,000,000 to $10,000,000. Similarly, for Development Company loans under the Small Business Investment Act, the maximum loan amount would be increased from $5,000,000 to $10,000,000. These changes are designed to provide small businesses with greater access to capital, potentially helping them expand, invest in infrastructure, or manage growth more effectively. By doubling the available loan amounts, the bill seeks to address the evolving financial needs of small businesses and support their economic development in local neighborhoods, which is reflected in the act's title, the "Loans In Our Neighborhoods Act of 2025" or "LIONs Act of 2025".

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/1893/all-info