S. 901: Loans In Our Neighborhoods Act of 2025

This bill, titled the "Loans In Our Neighborhoods Act of 2025" or the "LIONs Act of 2025," seeks to modify certain loan limits provided under existing U.S. law to support small businesses and economic development initiatives.

Key Provisions

Increased Loan Amounts for Small Businesses

The bill proposes amendments to the Small Business Act, specifically the section concerning 7(a) loans. The maximum loan amount under this program would be increased from:

• $3,750,000 (or currently up to $5,000,000 for certain loans) to $7,500,000 (with certain loans potentially increasing to $10,000,000).

Higher Development Company Loans

In addition, the bill amends the Small Business Investment Act to increase the maximum loan amount from:

• $5,000,000 to $10,000,000 for development company loans.

This aim is to allow larger amounts to be lent to small businesses and development companies to foster growth, innovation, and job creation.

Objective of the Bill

The primary objective of the LIONs Act of 2025 is to enhance the available financial resources for small businesses, which may help them scale operations, invest in new projects, or navigate economic challenges. By increasing the loan limits, the bill targets economic enhancement at the local level, potentially contributing to job creation and stability in community economies.

Implementation

If enacted, the changes will provide small businesses with access to greater amounts of funding, which may lead to expanded operations and support for community development projects. The bill emphasizes a more significant investment in small businesses, which could enhance their capacities to serve their respective communities.

Relevant Companies

None found