Lets SBA raise development loan guarantees by 15 percent

Starting in fiscal year 2027, the head of the Small Business Administration could guarantee up to 15 percent more in loans through state and local development companies than current limits allow.

• The agency could commit up to 115 percent of the yearly limit on these guaranteed loans
• The option starts in fiscal year 2027 and can be used once per fiscal year
• The agency must tell four congressional committees 30 days before using it

In committee

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