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Raises the size limits on Small Business Administration-backed loans. It doubles the 7(a) guaranty cap from $3.75 million to $7.5 million and appears intended to raise the related gross loan cap from $5 million to $10 million, though the draft text shows a placeholder for the new gross amount.
It also increases the maximum loan amount for the 504 development company loan program. The draft section shows a placeholder for the new dollar figure, indicating the intent to raise current caps but leaving the exact number to be confirmed in finalized text.
Referred to the House Committee on Small Business.
Introduced March 5, 2025 by Shri Thanedar · Last progress 1 year ago
LIONs Act of 2025