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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 means entrepreneurs can access more financial support for investments in energy efficiency or renewable energy, potentially lowering their operating costs and fostering local economic growth.
Key points
The maximum loan amount for small businesses for energy purposes increases from $5.5 million to $10 million.
This change will make it easier for small businesses to finance larger energy-saving and green technology projects.
The Small Business Administration Administrator will annually report to Congress on which industries and regions benefit from these loans.
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Expired
Citizen Poll
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Additional Information
Print number: 118_HR_1491
Sponsor: Rep. Crow, Jason [D-CO-6]
Process start date: 2023-03-09
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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

Small Business Energy Loan Enhancement Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_1491.

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 2023-03-09.

What are the main provisions?

Key points include:

  • The maximum loan amount for small businesses for energy purposes increases from $5.5 million to $10 million.
  • This change will make it easier for small businesses to finance larger energy-saving and green technology projects.
  • The Small Business Administration Administrator will annually report to Congress on which industries and regions benefit from these loans.
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. Crow, Jason [D-CO-6].

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 2025-12-24.

CATEGORIES

Economy Public Investments Environment