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Small Business Support: Larger Loans and Lower Fees

This act aims to make it easier for small businesses to access funding through the 7(a) loan program. For one year, businesses can apply for larger loans and will not have to pay certain fees, which can help them grow and maintain jobs.
Key points
Elimination or significant reduction of loan fees for small businesses for one year, lowering the cost of obtaining financing.
Increase in the maximum loan amount small businesses can receive from $5 million to $10 million, providing greater investment opportunities.
Increase in government guarantees for loans to 95% for most loans, making it easier for businesses to obtain them.
Issuance of new guidelines for lenders to better adapt loan terms to current economic conditions.
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Status:
Expired
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Additional Information
Small Business Access to Recovery Capital Act
Print number: S 174
Sponsor: Sen. Rubio, Marco [R-FL]
Process start date: 2021-02-02
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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Summary & Status

Key Questions about Small Business Support: Larger Loans and Lower Fees

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is S 174.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-02-02.

What are the main provisions?

Key points include:

  • Elimination or significant reduction of loan fees for small businesses for one year, lowering the cost of obtaining financing.
  • Increase in the maximum loan amount small businesses can receive from $5 million to $10 million, providing greater investment opportunities.
  • Increase in government guarantees for loans to 95% for most loans, making it easier for businesses to obtain them.
  • Issuance of new guidelines for lenders to better adapt loan terms to current economic conditions.

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 Sen. Rubio, Marco [R-FL].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

Analysis and Potential Impact of S 174

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

CATEGORIES

Economy