H.R. 1893, also known as the "Loans In Our Neighborhoods Act of 2025" or the "LIONs Act of 2025," aims to amend the Small Business Act and the Small Business Investment Act of 1958. This bill proposes to increase the maximum loan amounts a small business can receive through...
Simple Explanation
The LIONs Act of 2025 wants to let small businesses borrow more money from the government to help them grow, by increasing the limits on two types of loans: one can be up to $7,500,000 and the other up to $10,000,000.