Last progress September 3, 2025 (3 months ago)
Introduced on September 3, 2025 by John Peter Ricketts
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
This bill updates a USDA program that helps very small businesses in rural areas. It raises the maximum size of a microloan from $50,000 to $75,000, and lets these loans cover up to half of the cost for demolition, construction, or other real estate improvements for a project . It also boosts a key support level from 75% to 100%, making the federal backing for this program stronger . The program’s timeline is extended to run through 2026–2030 .
In short, rural entrepreneurs could access slightly larger loans, use them for more of their building costs, and benefit from stronger federal support, which may make it easier for lenders and local organizations to help them .