HR 3174 · 119th CongressPassed Housecongress.gov ↗
What this bill does
AI plain-language summaryThis bill increases the maximum loan amounts that small manufacturing companies can borrow through two Small Business Administration loan programs. It doubles the maximum loan amount under the 7(a) program, which provides money for day-to-day business expenses and working capital. It also raises the maximum loan amount under the 504 program from $5.5 million to $10 million, which helps pay for major purchases like new buildings and facilities.
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