This bill raises the maximum sizes for two types of Small Business Administration (SBA)-backed loans. For 7(a) loans, the bill replaces the current text that refers to a $3,750,000 maximum (or a gross loan amount threshold of $5,000,000) with new amounts of $7,500,000 (or a gross loan amount threshold of $10,000,000). For development company loans under the Small Business Investment Act (often called 504 loans), the bill replaces amounts of $5,000,000 and $5,500,000 with $10,000,000. The bill was introduced in the Senate on March 6, 2025, and referred to the Committee on Small Business and Entrepreneurship. Sponsors listed are Thomas Tillis and John Fetterman.
If you seek an SBA-backed loan, this bill would raise the stated maximum loan sizes for two programs. That means the written caps in the statutes for 7(a) loans and development company (504) loans would be higher. Whether a particular borrower or small business can get a larger loan depends on the programs' existing eligibility rules and lender decisions, which are not changed in the bill text provided.
No publicly available information on estimated costs, budgetary effects, or changes to federal spending is included in the bill text or metadata provided.
No publicly available information about supporters' stated reasons or arguments is included in the bill text or metadata provided.
No publicly available information about opponents' stated reasons or arguments is included in the bill text or metadata provided.