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Increased Loan Limits for Small Business Energy Projects

This act raises the maximum loan amount available to small businesses for energy-related projects. This change aims to help more businesses finance energy upgrades, potentially lowering their operating costs and fostering growth. It facilitates access to capital for environmental and energy efficiency purposes.
Key points
The maximum loan amount for small businesses for energy projects increases from $5.5 million to $10 million.
The Small Business Administration Administrator will annually report to Congress on the industries and geographic areas receiving these loans.
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Additional Information
Print number: 117_HR_6921
Sponsor: Rep. Crow, Jason [D-CO-6]
Process start date: 2022-03-03