Lets small businesses get more government-backed loans if yearly limits might be exceeded.
This bill would let small businesses get more government-backed loans if the current yearly limits might be exceeded. It would give the Small Business Administration (SBA) new power. Starting in the government's budget year 2027, the SBA could temporarily increase the amount of loans it guarantees by up to 15%.
Today, the Small Business Administration (SBA) has a strict total limit on the amount of loans it can guarantee each year under its 504 program. After this bill, if the Administrator thinks the yearly limit might be exceeded, they would be able to increase that total amount by up to 15% above the set limit. This could only happen once per government budget year and after telling Congress. This change would take effect starting in the government's budget year 2027.
HR 10352 · 119th Congress · AI Summary by gemini-2.5-flash · 10/10
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