LIONs Act of 2025
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- 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 loan 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 loan amount for development company loans to $10 million, replacing a previous limit of $10 million. This legislation aims to provide greater access to capital for small businesses and 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.
- Specifically targets changes to sections 7(a)(3)(A) and 502(2)(A) of the referenced acts.
Who is affected
- Small Businesses
- Development Companies
- Small Business Owners
- The Small Business Administration (SBA)
Notable changes
- Raises the existing loan limits for both 7(a) and development company loans.
- Increases the loan limits significantly, potentially enabling larger investments in small businesses and economic development.
Bill text
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2 on record
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