United StatesSenate Bill 901S 901
LIONs Act of 2025
Commerce
2 pages
- senate
- house
- president
Last progress March 6, 2025 (9 months ago)
Introduced on March 6, 2025 by Thomas Roland Tillis
Sponsors (2)
House Votes
Vote Data Not Available
Senate Votes
Pending Committee
March 6, 2025 (9 months ago)Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Presidential Signature
Signature Data Not Available
AI Summary
This bill raises how much small businesses can borrow through key SBA programs. It increases the maximum size of standard SBA 7(a) loans to $7.5 million, making it easier for businesses to fund big purchases, expand, or cover working capital needs . It also raises the loan limits for SBA-backed development company loans (often called 504 loans), which help pay for things like buildings and equipment, though the exact new dollar amount isn’t clearly stated in the text provided .
Key points:
- Who is affected: Small businesses seeking SBA financing, and lenders that offer SBA loans .
- What changes: Higher borrowing caps for SBA 7(a) loans (up to $7.5 million) and higher limits for development company loans (504) .
- Why it matters: Bigger loan limits can help local businesses grow, hire more workers, and invest in their communities .
Text Versions
Amendments
No Amendments