Small businesses could get much larger government-backed loans for growth and investment.
This bill, called the STRONG Act, would let small businesses borrow more money through two main government-backed loan programs. It would double the maximum amount for 7(a) loans and greatly raise the limit for Development Company (504) loans. This change aims to help businesses grow or make bigger purchases.
Today, small businesses can get 7(a) loans up to $3,750,000 (or if the gross loan amount would exceed $5,000,000) and Development Company (504) loans up to $5,000,000 or $5,500,000. This bill would raise the 7(a) maximum to $7,500,000 (or if the gross loan amount would exceed $10,000,000) and the Development Company loan maximum to $10,000,000.
HR 4153 · 119th Congress · AI Summary by gemini-2.5-flash · 10/10
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6 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.