Increased Loans for Agriculture, Manufacturing, and Emerging Technologies
This act raises loan limits for small businesses in agriculture, manufacturing, and critical/emerging technologies. This aims to provide them with greater access to capital, potentially fostering growth and job creation in these sectors. Additionally, the act mandates a report on the impact of inflation and supply chain disruptions on small business access to capital.
Key points
Increased maximum loan amounts for small businesses primarily engaged in agriculture, manufacturing, or producing critical and emerging technologies.
Requirement for small businesses seeking increased loans to disclose information about foreign individuals or entities owning at least 5% of the business.
Mandate for a report to Congress on the effects of inflation and supply chain disruptions on small business access to capital over the past three years.
Status:
Expired
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