Last progress February 14, 2025 (9 months ago)
Introduced on February 14, 2025 by Kathy Castor
Referred to the House Committee on Small Business.
This bill would raise the cap on extra money small businesses can add to certain SBA disaster loans. It changes the maximum “additional” amount from 20% to 30% of the original loan, giving disaster‑hit businesses a bit more room to cover repairs, replacements, or other recovery costs if they need it (from 20 per centum to 30 percent in Section 7(b)(1)(A) of the Small Business Act).
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