Bill
Bill > HB2207
summary
Introduced
02/09/2026
02/09/2026
In Committee
02/09/2026
02/09/2026
Crossed Over
Passed
Dead
Introduced Session
2025-2026 Regular Session
Bill Summary
Amending Title 12 (Commerce and Trade) of the Pennsylvania Consolidated Statutes, in small business first, further providing for capital development loans.
AI Summary
This bill, by amending Title 12 of the Pennsylvania Consolidated Statutes, specifically the section on capital development loans for small businesses, proposes to increase the maximum loan amount for land, buildings, and machinery and equipment from $400,000 to $2,000,000, while still maintaining the limit that the loan cannot exceed 50% of the total project costs. This change aims to provide more substantial financial support for small businesses undertaking significant capital development projects, with capital development project costs incurred within the 12 months prior to application submission now being counted towards the total project costs.
Committee Categories
Business and Industry
Sponsors (7)
Paul Friel (D)*,
Johanny Cepeda-Freytiz (D),
Tarik Khan (D),
Emily Kinkead (D),
John Lawrence (R),
Christina Sappey (D),
Mandy Steele (D),
Last Action
Referred to Commerce (on 02/09/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.palegis.us/legislation/bills/2025/hb2207 |
| BillText | https://www.palegis.us/legislation/bills/text/PDF/2025/0/HB2207/PN2901 |
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