To increase the loan limits under the business loan program and the 504 loan program of the Small Business Administration for businesses principally engaged in the research, development, manufacturing, or production of critical and emerging technologies, and for other purposes.
American Small Business Competition Act of 2022
This bill increases the maximum loan amounts available for small businesses principally engaged in the research, development, manufacturing, or production of certain technologies. It also requires the Small Business Administration to report about the effect of inflation and supply chain disruption on the cost to small businesses of accessing capital.
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