H.R. 1375 increases the maximum additional loan amount available to small businesses under the Small Business Administration's disaster loan program. Specifically, the bill amends the Small Business Act to raise the cap on supplemental disaster loans from 20 percent to 30 percent of the original loan amount, allowing qualifying businesses to access more emergency funding when recovering from disasters. This change applies to small business owners who have already received a disaster loan and need additional financial assistance to rebuild. The bill, introduced by Representative Castor of Florida in February 2025, does not specify new funding allocations but rather expands the borrowing capacity within the existing disaster loan program. The modification provides greater financial flexibility for small businesses facing recovery challenges from natural disasters or other qualifying emergencies.
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