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Increased Funding for Small Business 504 Loans: Guarantee Limit Rises to $15 Billion.

This Act increases the availability of federal loans for small businesses (known as 504 loans), typically used for purchasing real estate or equipment. The annual limit for guaranteed funds rises to $15 billion, making it easier for entrepreneurs to secure financing for expansion or debt refinancing. These changes are temporary and are set to expire in October 2026.
Key points
Increased 504 Loan Availability: The federal guarantee limit for small business loans increases to $15 billion annually.
Greater Access to Capital: Small businesses will have easier access to funding for purchasing fixed assets, equipment upgrades, or refinancing existing debt.
Temporary Provision: The increased funding level and related changes will automatically expire on October 1, 2026.
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Expired
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Additional Information
Print number: 118_S_2100
Sponsor: Sen. Coons, Christopher A. [D-DE]
Process start date: 2023-06-21
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

504 Loan Availability Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_2100.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-06-21.

What are the main provisions?

Key points include:

  • Increased 504 Loan Availability: The federal guarantee limit for small business loans increases to $15 billion annually.
  • Greater Access to Capital: Small businesses will have easier access to funding for purchasing fixed assets, equipment upgrades, or refinancing existing debt.
  • Temporary Provision: The increased funding level and related changes will automatically expire on October 1, 2026.
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. Coons, Christopher A. [D-DE].

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 2025-12-26.

CATEGORIES

Economy