S. 901, also known as the "Loans In Our Neighborhoods Act of 2025" or the "LIONs Act of 2025," seeks to amend the Small Business Act and the Small Business Investment Act of 1958. The bill proposes to increase the maximum loan amount for certain loans made under the 7(a) loan...
Simple Explanation
The LIONs Act of 2025 wants to let small businesses borrow more money to help them grow, but some people are worried that there aren't enough rules to make sure everything is fair and safe.