arrow_back Back to App

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.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_4935
Sponsor: Rep. Nunn, Zachary [R-IA-3]
Process start date: 2025-08-08
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Rural Microentrepreneur Assistance Program Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_4935.

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 2025-08-08.

What are the main provisions?

Key points include:

  • 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.
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. Nunn, Zachary [R-IA-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Agriculture.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Agriculture Economy Public Investments