LIONs Act of 2025
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
The Loans In Our Neighborhoods Act of 2025 (LIONs Act) increases the maximum loan amounts available through the Small Business Administration’s (SBA) loan programs. Specifically, it raises the maximum amount for 7(a) loans to $7.5 million, or $10 million if the total loan amount exceeds $10 million. It also increases the maximum amount for development company loans to $10 million, replacing previous limits of $5 million or $5.5 million. This legislation aims to provide more substantial financing options for small businesses and community development companies.
Key provisions
- Increases the maximum loan amount for 7(a) loans to $7.5 million (or $10 million if the total loan amount exceeds $10 million).
- Increases the maximum loan amount for development company loans to $10 million.
- Amends the Small Business Act and the Small Business Investment Act of 1958.
- Modifies sections 7(a)(3)(A) and 502(2)(A) of the Small Business Act and the Small Business Investment Act, respectively.
Who is affected
- Small Businesses
- Community Development Companies
- Small Business Owners
- Lenders
- The Small Business Administration
Notable changes
- Raises loan limits significantly for both 7(a) and development company loans.
- Replaces existing loan amount caps with higher limits.
- Updates provisions within the Small Business Act and the Small Business Investment Act.
Bill text
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