Small Business Energy Loan Enhancement Act

This bill raises the borrowing limit for certain Small Business Administration loans tied to energy projects. It amends the Small Business Investment Act so eligible businesses can get larger loans than the current $5.5 million cap in those categories. It also makes the SBA report each year on which industries and areas are getting these loans, starting one year after the bill becomes law.

Key points:

• Who is affected: Small businesses seeking SBA-backed loans for specific energy-related purposes.
• What changes: The maximum loan amount for these loans goes up from $5.5 million; SBA must send yearly reports to Congress on where and in which industries these loans are made.
• When: The annual reporting starts no later than one year after the law takes effect, and continues every year after that.