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Increased Loan Limits for Small Businesses: New Funding Opportunities.

The LIONs Act of 2025 increases the maximum loan amounts available to small businesses. This means entrepreneurs can apply for significantly larger financial support, potentially aiding business growth, job creation, and investment in local communities.
Key points
The maximum 7(a) loan amount increases from $3.75 million to $7.5 million.
The maximum loan amount for development companies increases from $5 million to $10 million.
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Introduced
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Additional Information
Print number: 119_HR_1893
Sponsor: Rep. Thanedar, Shri [D-MI-13]
Process start date: 2025-03-05
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

LIONs Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_1893.

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 2025-03-05.

What are the main provisions?

Key points include:

  • The maximum 7(a) loan amount increases from $3.75 million to $7.5 million.
  • The maximum loan amount for development companies increases from $5 million to $10 million.
What is the specific legal status?

The current status is Introduced.

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. Thanedar, Shri [D-MI-13].

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 2025-12-22.

CATEGORIES

Economy