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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 more businesses can access larger financial support for energy upgrades, potentially lowering their operating costs and contributing to environmental protection. The government will also track which industries and regions benefit from these loans.
Key points
The maximum loan amount for small businesses for energy purposes increases from $5.5 million to $10 million.
This change makes it easier for small businesses to access larger funding for energy efficiency and renewable energy projects.
The Small Business Administration Administrator will annually report to Congress on the industries and geographic areas receiving these loans.
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Status: Introduced
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Additional Information
Print number: 119_HR_2831
Sponsor: Rep. Crow, Jason [D-CO-6]
Process start date: 2025-04-10