Search Results: keywords:"loan amount increase"

  • H. R. 9816 — To revise the dollar amount limitations for rural housing repair loans under section 504 of the Housing Act of 1949, and for other purposes.
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    Status:Introduced in House
    Words:290

    H.R. 9816 is a bill introduced in the House of Representatives that aims to update the financial limits for rural housing repair loans and grants under section 504 of the Housing Act of 1949. The bill proposes to increase the maximum loan amount that a household can receive...

    Simple Explanation

    The bill wants to help people fix their homes in the countryside by letting them borrow more money, up to $80,000 for a loan and $20,000 for a grant, so they can make sure their homes are safe and nice to live in. It's like getting a little more money from mom or dad to make sure you have a comfortable place to live.

  • H. R. 1375 — To amend the Small Business Act with respect to the maximum additional loan amount for certain disaster loans, and for other purposes.
    Status:Introduced in House
    Words:159

    H. R. 1375 aims to amend the Small Business Act by increasing the maximum loan amount available for certain disaster loans from 20% to 30%. The bill was introduced by Ms. Castor of Florida and was referred to the Committee on Small Business. This change is intended to provide...

    Simple Explanation

    Imagine your favorite lemonade stand got hit by a big storm and needs to borrow money to fix things. H.R. 1375 wants to let these stands borrow a bit more money than before so they can fix everything faster.

  • H. R. 2831 — To amend the Small Business Investment Act of 1958 to increase the maximum loan amount for certain loans.
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    Status:Introduced in House
    Words:430

    H.R. 2831, also known as the “Small Business Energy Loan Enhancement Act,” aims to amend the Small Business Investment Act of 1958 by raising the maximum loan amount for specific types of loans. The bill proposes increasing the limit from $5,500,000 to $10,000,000 for certain loans which...

    Simple Explanation

    This bill wants to help small businesses by giving them bigger loans, letting them borrow up to $10 million instead of $5.5 million, so they can grow and do more things. But it's also important to watch closely to make sure everything's fair, nobody cheats, and everyone gets the help they need.