Federal HB4153 increases the maximum loan amounts for small businesses under the Small Business Act and Small Business Investment Act.

Federal HB4153, known as the Supporting Trade and Rebuilding Opportunity for National Growth Act or STRONG Act, amends the Small Business Act and the Small Business Investment Act of 1958 to increase the maximum loan amounts for small businesses. Specifically, it raises the cap for 7(a) loans from $3,750,000 to $7,500,000 and for development company loans from $5,000,000 to $10,000,000. This bill aims to support trade and national growth by providing more financial resources to small businesses.

Federal HB4153 increases the maximum loan amounts for small businesses under the Small Business Act and Small Business Investment Act.

Federal HB4153, known as the Supporting Trade and Rebuilding Opportunity for National Growth Act or STRONG Act, amends the Small Business Act and the Small Business Investment Act of 1958 to increase the maximum loan amounts for small businesses. Specifically, it raises the cap for 7(a) loans from $3,750,000 to $7,500,000 and for development company loans from $5,000,000 to $10,000,000. This bill aims to support trade and national growth by providing more financial resources to small businesses.