Bill > HR7229

This bill, titled the Territorial SBA Loan Guaranty Adjustment Act of 2026, amends the Small Business Act to increase the percentage of loan guarantees the Small Business Administration (SBA) will provide to certain businesses located in U.S. territories. Specifically, for loans made to "covered territory businesses" (businesses in U.S. territories), the SBA's participation in a deferred basis loan agreement will generally be 90 percent, meaning the SBA will guarantee 90% of the loan amount. This increased guarantee aims to encourage lending to these businesses, though there are exceptions for certain types of loans, including those under specific paragraphs of the Small Business Act (paragraphs 9, 14(A), 16, 31, or 34) and loans under certain pilot programs. The bill also makes a conforming amendment to ensure this new provision is properly referenced in the existing law.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/7229/all-info