This bill updates a USDA program that helps very small businesses in rural areas get loans and training. It raises the cap on individual assistance from $50,000 to $75,000, lets the federal share cover 100% of certain support, and allows loan funds to pay up to half of demolition, construction, or similar costs tied to real estate improvements. It also extends the program through 2030, so communities can keep using it for the next several years.

Key points

• Who is affected: Rural microbusiness owners and the local groups that lend to and train them.
• What changes: The maximum assistance rises to $75,000; the federal share can now cover 100% of eligible support; and loans can cover up to 50% of certain building-related costs.
• When: The program is extended to operate from 2026 through 2030.