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LIONs Act: Increasing Small Business Loan Limits

The Act amends the Small Business Act and the Small Business Investment Act of 1958 to increase maximum loan amounts. It raises the gross loan limit for Section 7(a) loans from $5,000,000 to $10,000,000. It also increases the maximum loan amounts for development company loans from $5,000,000 and $5,500,000 to $10,000,000.
Key points
The gross loan amount limit for Section 7(a) loans increases from $5,000,000 to $10,000,000.
Maximum loan amounts for development company loans increase from $5,000,000 and $5,500,000 to $10,000,000.
The bill is cited as the Loans In Our Neighborhoods Act of 2025.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_901
Sponsor: Sen. Tillis, Thomas [R-NC]
Process start date: 2025-03-06
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Summarized by: gemini-3-pro-preview
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_S_901.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-03-06.

What are the main provisions?

Key points include:

  • The gross loan amount limit for Section 7(a) loans increases from $5,000,000 to $10,000,000.
  • Maximum loan amounts for development company loans increase from $5,000,000 and $5,500,000 to $10,000,000.
  • The bill is cited as the Loans In Our Neighborhoods Act of 2025.
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 Sen. Tillis, Thomas [R-NC].

What is the latest detailed status?

The latest detailed status is: Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-31.

CATEGORIES

Economy Finance