S 2662
504 Modernization and Small Manufacturer Enhancement Act of 2025
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Bill overview
The 504 Modernization and Small Manufacturer Enhancement Act of 2025 aims to improve access to capital for small manufacturers by updating the 504 loan program. It expands the goals of the development company program to include workforce development, minority-owned business support, and energy efficiency initiatives. The bill also increases loan amounts for manufacturing projects, streamlines the loan closing process, and provides additional assistance to small manufacturers through resource partners and updated leasing rules.
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