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118-hr-10246Committee
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504 Modernization and Small Manufacturer Enhancement Act of 2024

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Summary

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This bill amends the Small Business Investment Act of 1958 to enhance the 504 certified development company loan program, with a focus on supporting small manufacturers. Key provisions include increasing the maximum loan amount for manufacturing loans from $5.5 million to $6.5 million, reducing equity contribution requirements for small manufacturers, streamlining the loan closing process, and requiring SBA district offices to partner with resource organizations to provide training and assistance to small manufacturers seeking program access.

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Bill details

Congress
118
Bill type
hr
Introduced
November 21, 2024
Sponsor
Not yet available
Last action
November 21, 2024— Referred to the House Committee on Small Business.

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