Increases maximum loan amounts for small businesses under the Small Business Act and Small Business Investment Act.

The Supporting Trade and Rebuilding Opportunity for National Growth Act, also known as the STRONG Act, amends the Small Business Act and the Small Business Investment Act of 1958 to double the maximum loan amounts for certain small business loans. Specifically, it raises the cap for 7(a) program loans from $3.75 million to $7.5 million, and for development company loans from $5 million to $10 million. This change aims to provide more financial support to small businesses, potentially aiding in their growth and economic contribution.

Increases maximum loan amounts for small businesses under the Small Business Act and Small Business Investment Act.

The Supporting Trade and Rebuilding Opportunity for National Growth Act, also known as the STRONG Act, amends the Small Business Act and the Small Business Investment Act of 1958 to double the maximum loan amounts for certain small business loans. Specifically, it raises the cap for 7(a) program loans from $3.75 million to $7.5 million, and for development company loans from $5 million to $10 million. This change aims to provide more financial support to small businesses, potentially aiding in their growth and economic contribution.