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COVID-19 Relief for Border Businesses: Loans and Forgiveness

This act establishes a loan program for small businesses located near the U.S. border that have been impacted by the COVID-19 pandemic. These businesses can receive interest-free loans up to $500,000, which may be partially or fully forgiven. The aim is to help maintain jobs and cover operational costs during the challenging period.
Key points
Businesses within 25 miles of the U.S. border, with annual gross receipts up to $500,000, can apply for interest-free loans up to $500,000.
Loans can be used for payroll, paid sick leave, rent, debt repayment, personal protective equipment, and logistical expenses due to border closures.
Part or all of the loan may be forgiven, and repayment of any remaining amount will not begin earlier than one year after receipt.
An advance of at least $10,000 can be requested within three days of application, which is non-repayable even if the loan is denied.
Receiving this aid does not prevent access to other federal support programs, and forgiven amounts will not be taxed.
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Additional Information
Print number: 117_HR_399
Sponsor: Rep. Grijalva, Raúl M. [D-AZ-3]
Process start date: 2021-01-21
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Border Business COVID–19 Rescue Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_399.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-01-21.

What are the main provisions?

Key points include:

  • Businesses within 25 miles of the U.S. border, with annual gross receipts up to $500,000, can apply for interest-free loans up to $500,000.
  • Loans can be used for payroll, paid sick leave, rent, debt repayment, personal protective equipment, and logistical expenses due to border closures.
  • Part or all of the loan may be forgiven, and repayment of any remaining amount will not begin earlier than one year after receipt.
  • An advance of at least $10,000 can be requested within three days of application, which is non-repayable even if the loan is denied.
  • Receiving this aid does not prevent access to other federal support programs, and forgiven amounts will not be taxed.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Grijalva, Raúl M. [D-AZ-3].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Health.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

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