S.397

Small Business Disaster Damage Fairness Act of 2025 raises the minimum disaster loan amount for collateral from $14,000 to $50,000.

The Small Business Disaster Damage Fairness Act of 2025 amends the Small Business Act to increase the minimum disaster loan amount for which the Small Business Administration may require collateral from $14,000 to $50,000. The bill also mandates that the Small Business Administration's outreach and marketing plans for disaster loans distinguish between rural and urban communities, and incorporate actions to mitigate challenges faced by rural communities in accessing these loans.