Bill > HR4153

This bill, known as the "Supporting Trade and Rebuilding Opportunity for National Growth Act" or the "STRONG Act," proposes two key changes to existing small business lending regulations. First, it increases the maximum loan amount for 7(a) loans under the Small Business Act from $3,750,000 to $7,500,000, with the gross loan limit raised from $5,000,000 to $10,000,000. Second, the bill modifies the Small Business Investment Act of 1958 by increasing the maximum loan amount for Development Company loans from $5,000,000 to $10,000,000. These changes are designed to provide small businesses with greater access to larger loan amounts, potentially helping them expand operations, invest in growth, or navigate challenging economic conditions. The 7(a) loan program and Development Company loans are important financing tools that help small businesses obtain capital from participating lenders with partial guarantees from the Small Business Administration (SBA).

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/4153/all-info