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Increased Support for Small Businesses: SBA 504 Loan Flexibility

This act grants the Small Business Administration (SBA) greater flexibility in providing loans to small businesses. This means that, if needed, the SBA can increase the amount of guaranteed loans, potentially making it easier for small businesses to access funding for growth and investment, supporting job creation and local economies.
Key points
The SBA can increase the limit on guaranteed loans for small businesses by up to 15% in a given fiscal year if necessary.
Greater funding flexibility can help small businesses secure funds for real estate, equipment, or modernization, leading to their growth and stability.
The agency must notify Congress of its intent to use this additional authority, with an exception for fiscal year 2021.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_4844
Sponsor: Rep. Newman, Marie [D-IL-3]
Process start date: 2021-07-29
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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

504 Program Level Flexibility Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_4844.

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 2021-07-29.

What are the main provisions?

Key points include:

  • The SBA can increase the limit on guaranteed loans for small businesses by up to 15% in a given fiscal year if necessary.
  • Greater funding flexibility can help small businesses secure funds for real estate, equipment, or modernization, leading to their growth and stability.
  • The agency must notify Congress of its intent to use this additional authority, with an exception for fiscal year 2021.
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. Newman, Marie [D-IL-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Small Business.

Is this summary verified?

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

CATEGORIES

Economy