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Increased Support for Rural Small Businesses

This act boosts financial aid for small businesses in rural areas, making it easier for them to access larger loans and grants. This helps rural residents start or expand their own businesses, potentially creating new jobs and improving local economies. The program is extended until 2030, ensuring long-term support.
Key points
Maximum loan amount for rural small businesses increases from $50,000 to $75,000.
The program will cover 100% of technical and training assistance costs for entrepreneurs, up from 75%.
Loans can now cover up to 50% of demolition, construction, or real estate improvement costs.
The rural entrepreneur assistance program is extended through 2030.
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Status: Introduced
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Additional Information
Print number: 119_HR_4935
Sponsor: Rep. Nunn, Zachary [R-IA-3]
Process start date: 2025-08-08